Have you ever leased a vehicle?

Question

What are some of the pros and cons of leasing versus buying a vehicle?

Answer 1

I have bought many vehicles and leased the last two. If you took possession of two identical vehicles on the same day, one a 60 month purchase plan, and one a 48 month lease, you would:
Pay less per month for the lease.
When leasing, only pay taxes on the amount of the monthly payment, not on the whole vehicle
When leasing, not pay for any repairs.
If you bought the vehicle at the end of the lease, you would end up paying $1,000 to $3,000 more for leasing
If you lease, you never have to buy tires or major repairs
If you're vehicle equity is less than the buyout at the end of the lease, you can walk away and not take a loss.
However, the worst part of a lease is getting over the fact that at the end of paying monthly payments for 3 or 4 years, you don't have a lot of equity built up, and have to give up the vehicle.
Bottom line, if you like to always drive a fairly new vehicle, and can live with always paying a low monthly payment, it can be a good way to go. Hope this helps.

Answer 2

I lease. I do this because I want to switch cars frequently, and leasing allows me to do this without the hassle of selling the old car or making repairs- most of the time leases are covered by a full warranty for the life of the car. There are cons, though- you are putting alot of money into something that you do/will not own. Also, there are mileage restraints, mine is 12000/yr. If you go over, you have to pay the difference. Also, you have to have full insurance coverage with a lease because it is never fully paid for. However, you can choose to purchase at the end of a lease, but it is normally not very cheap.

Answer 3

NO NO NO--the broking service wins--not you !!! the motorcar will be yours and they make all of it authentic user-friendly and also you're chuffed---in 2, 3, or 4 years you've not something to educate for what you spent--you pay for each chip, dent, scratch, tear, smudge, stain they are able to searching. you understand you'll not in any respect save adequate to purchase it outright--you may not arise with a down price, now--you'll not in any respect have the purchase out on the proper....not in any respect---except you hit the lottery or some one wills you some funds. now to not indicate the Wrangler is overpriced JUNK---not something diverse about them on account that international conflict 2----500 a month for what??? not in any respect employ a automobile or flow for any of the gives you for little extras in amenities--the money lender and the employ preparations are made via a guy or female not quite appropriate to the broking service--they're lending brokers utilising an place of work on the showroom--something they could promote better is going of their wallet. Did you ever ask your self why yet another human being does the place of work artwork extremely of the salesperson--they bypass you off from human being to human being--extremely blend you up and they make quite a number of money from unsuspecting people--call the hubby and tell him to go back residing house NOW !!! decide on a fabulous sedan at 0.5 the fee of that stupid jeep. Chrysler now gives you a life-time assure on the automobiles--hit upon a thanks to purchase it traditionally. you'll get a fabulous automobile to get from element A to point B, econonically and properly---and cheap. The coverage on a Jeep is severe because they're better risky--a fabulous generic automobile will value a lot less to insure--ok--shopper pay attention---get counseled and solid success

Answer 4

Seems stupid to me. You have to pay the same amount of bills to lease as to buy and at the end you end up with nothing.

Answer 5

you have to pay up front, you have limited miles and they give you grief when you try to turn it in without leasing another