2006-12-06 01:20:31 · 15 answers · asked by rward_sfpinc 2 in Cars & Transportation ➔ Buying & Selling
It's impossible to answer your question based on the info you provided. Leasing is great if you always want new technology, safety, power, convenience or never want to be out of warranty.
The experts say, the best way to go is to buy a honda and keep it for 20 years. Sure, that's the best bang for your buck, but not for me. I want the new updated stuff, so getting a new car every 3 years is my best bet.
2006-12-06 07:19:47 · answer #1 · answered by jay 7 · 0⤊ 1⤋
I guess I'll be the minority on this one. Lease is better for the person who is going to trade in the car every 3 years . Lets say your buying a car it cost $20,000. you put money down about $2000. then your monthly payment would be about $380. for 5 years ! Now lets say you want to trade it in the third year . You have negative equity ( you owe more than the car is worth)
So you put another $2000. down plus your negative eq. goes on to the cost of your new car
OK so if you lease you only pay for the car that you use.
Sure there is no equity but if you trade on a regular bases this is for you.
2006-12-06 14:06:24 · answer #2 · answered by cardog 3 · 0⤊ 0⤋
I personally think it's better to buy a car because it's YOURS. Anything that happens to it is on you & nobody else. If you lease a car, it's like renting & you know how renting goes...it's really a waste of money. Plus anything that happens to the car when you lease it has to be fixed & paid for by you when returning it at the end of the lease. That's on top of your already lease payment.
2006-12-06 09:26:35 · answer #3 · answered by Jason E 2 · 0⤊ 2⤋
Cars depreciate (go down in value) very quickly. The best result I've seen is when people buy cars that were leased and only have 30,000 miles on them or so. I don't think anyone should buy a brand-new car until they have purchased a place to live.
2006-12-06 09:23:23 · answer #4 · answered by Cobalt 4 · 0⤊ 1⤋
Having spent 18 years in the retail automotive business, and also as the author of, "How to Buy the Most Car for the Least Money", I can tell you first hand that the answer to your question is not a simple one. There are many factors to consider. Each person's situation is different, therefore an absolute answer is impossible. Check out this link:
2006-12-06 09:48:24 · answer #5 · answered by Hemingway 4 · 0⤊ 1⤋
It's purely based on your choice ..
If you want keep your car for at least more than 4 years you can go for the new car ...
If you like to change cars often , best choice will be leasing the car ...
2006-12-06 11:52:51 · answer #6 · answered by kingofsalem 1 · 0⤊ 1⤋
Privately, always buy. If you are in business then leasing can be beneficial as it reduces capital outlay and is a legitimate business expense. If you choose the right lease (with full maintenance and warranty) you have the added advantage of knowing exactly what your outgoings each month will be and can budget accordingly.
2006-12-06 09:31:57 · answer #7 · answered by steven b 4 · 0⤊ 1⤋
It is better to lease the care, because there is no hassels of repairs, maintenance, secondly u can get the different choice of cars, yes also u can save money,
2006-12-06 12:15:03 · answer #8 · answered by dasilva_cosme 1 · 1⤊ 0⤋
Lease better for businesses, buy is better for personal use.
2006-12-06 23:27:48 · answer #9 · answered by charlesjerrygerald 1 · 0⤊ 1⤋
well in my opinion it is better to buy a payed off car to begin with. that way you don't have to worry on paying the monthy rate for the car you got. and you leasing a car make sure you get the lowest price on it as possible that way your monthy payment isn't so "high". just becareful with all them dealers and listen to waht they say so you can catch on to the game that they play. lol. but the best thing to do is to buy a payed off car.
2006-12-06 10:40:05 · answer #10 · answered by Michell L 2 · 0⤊ 1⤋