This question has probably been asked a million times but I need some answers!!
My husband needs a car and I was thinking about leasing it. We already have a car that we are in the process of buying but I need info on leasing. If he had a car he wouldnt be driving as much as me (alot). Mainly to work(8 miles back and forth). Would it be better if we lease a car or buy one??? We do have many bills so we're trying to have a cheaper mouthly payment.
2007-01-19 09:19:39 · 7 answers · asked by **What??** 4 in Cars & Transportation ➔ Buying & Selling
You got some good valid answers so far for your question, unless its becomes a tax write off stay away from a lease its like renting the payments will never stop.
You want to learn how to buy a car go to my website http://www.usedcartips.org/ its free info with no strings attached, study the 10 steps, most people dont find the time and end up with a lemon in the driveway...good luck...Will you find the time ???
2007-01-19 11:13:45 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Leasing a car usually means a lower payment but the drawbacks are in the use of the car. If you drive less than 15000 miles per year, are going to keep the car for the full term of the lease, and do regular maintenance on it then it is a good option. If the answer to any of those things is no, you should probably buy one because getting out of a lease is very expensive.
2007-01-19 09:28:27 · answer #2 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
Buy...Buy...Buy. Got that? Never lease a car. Only a damn car dealer will tell you leasing is a good idea. If hubby only drives less than twenty miles a day then for heavens sake WHY don't you just buy a $1500.00 beater? I saw a '94 S10 pickup for sale the other day for $1,500.00 that was ugly but had plenty of life left in it. This is the only way you two are going to beat the high cost of owning an automobile. Car payments are dumb and leasing is just plain irresponsible. Check out www.daveramsey.com
2007-01-19 11:38:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You are ALWAYS better off (financially) purchasing a car rather than leasing it. (Yeah, I said ALWAYS.)
Do you have a repair shop that you trust? If so, look for a used Honda or Toyota and have a pre-buyers inspection done before you purchase it. Not only will you end up paying much less than if you leased it, you have something of value when it's paid off. Don't be afraid to look at vehicles with over 100,000 miles on the odometer. If it's a Honda or Toyota and has been properly maintained, it's just barely "broke in" at that milage.
Proud owners of three Honda products--all with at least 170,000 miles on them, and virtually trouble-free.
(As regards your bills--see if you can find a Dave Ramsey Financial Freedom Course--you'll be glad you did.)
2007-01-19 09:31:12 · answer #4 · answered by teresa r 2 · 1⤊ 0⤋
Get a good used car. A lease is the dealerships way to get you to give them money for nothing in return. It is NEVER a good idea to lease. Many people get to the end of their lease and have to park their cars because they have too many miles on it. If all he needs is a good go to work car an old used car that has been inspected and checked with carfax.com will do the trick.
2007-01-19 09:29:30 · answer #5 · answered by Roll_Tide! 5 · 1⤊ 1⤋
Leasing presents flexibility in phrases of the choices to be had. If you desire to difference your vehicle each few years or in case your tradition needs a brand new vehicle each few years, then leasing is an lovely choice. So hire is extra lucrative in comparison to a mortgage.
2016-09-07 23:35:29 · answer #6 · answered by malboeuf 3 · 0⤊ 0⤋
If he only drives 16 miles a day, save $1500 and PAY CASH for a good, used car. If you are already having money problems, why would you want to add another $250/month or more to it? I spent five years working my way out of debt. Please do not go where I did.
2007-01-19 09:27:36 · answer #7 · answered by J.R. 6 · 1⤊ 0⤋