Are there any people out there that have good things to say about leasing a car?

Question

I just leased a vehicle for 4 yrs and I am very happy with it. I've owned 3 cars outright. I would rather have something new every few years and not have to worry about trading in a car that I own and getting an extremely depreciated value. Does anyone else prefer leasing over buying? What do you prefer about it?

I SAID F*CKING GOOD THINGS!!!!!!!!

Answer 1

yes--in some cases it makes a lot of sense to lease a car. Usually people lease a car because they can't afford to buy, hence the bad vibe people get at the end when they've been paying $200 a month for three years, then find out they still owe 75% of the value for a car.

In reality, it makes the most sense if you drive very little, or plan to move from a place after a few years.

The best I can say about a lease is that it generally allows you to get more car than you can afford. You can lease a brand new Honda, let's say, for about 2/3 of the buying price. After three years, even if you go over your millage, you get the opportunity to buy, sometimes at substantial savings (look into Hondas, Toyotas, and Subarus for real savings).

For example, my sister leased a brand new Accord for 3 years. When her lease ended, she was over her alotted millage, but was allowed to buy the car for $12,000, about $2200 less than similar cars sold for on the lot.

As with any purchase, a lot depends on your situation, so go in with A LOT of questions before you sign up for anything. And be wary of teaser rates from GM and Ford--often those rates come with substantial down payments and leave you with a car you won't want in three years. (I mention American brands because they are generally the most problematic for consumers. The rates look great, but you really get a lot less for the money. Go with these at your own risk.)

The unwritten rule in leasing is look at the end value speculation closely. The brands I mentioned above depreciate slowly and thus are good deals when you are offered the chance to buy. Good Luck!

Answer 2

I have nothing good to say about leasing unless you own a fleet. I leased one time,and the dealership screwed me every time I tried to update my vehicle.
Perhaps I was dealing with unscrupulouse people. I now am fortunate enough to buy outright. I feel that is the only way to avoid the unsettled feeling and sometimes beating you can receive from a dealer. And their financiers.

Answer 3

Some people prefer leasing because you can have something new without the burdens of ownership.

Answer 4

We get more car for the money with a lease.....

Answer 5

sure if your rich and you dont like to have the same mercades every 2 years, but personnally i dont like leasing i would rather pay for something that i will finally own.

Answer 6

Leasing...Biggest mistake I ever made!

Answer 7

been there done that - ill stick with buying