2007-02-10 19:06:11 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Generally, buying is the better financial decision.
2007-02-10 19:10:33 · answer #1 · answered by feanor 7 · 0⤊ 0⤋
being a dealer i might have a different opinion than most. leasing is probably one of the best options out there. if you want a new car every 2 to 3 years its the only way to go. all cars depreciate. w/ leasing your just paying for the portion your using. your not "BUYING" a car unless you pay cash for it. try missing a payment and see who "owns" the car.
as far as leasing fs. buying a used car? i would buy it. the best lease programs out there are "new" vehicles. the manufacturers give you bonuses or special lease rates. a used car wont have those. plus your covered by factory warranty so if it breaks your covered and you wont have any other costs associated w/ it. the only time i would suggest leasing a used car is if its one of the "certified" used cars coming from a manufacturer, where they might have a special lease program on those.
oh yeah...if your going to want to keep the car 5 years or longer. buy. but most people dont even if they say they want to. national average is about 4 years.
2007-02-11 13:03:16 · answer #2 · answered by ridgwayaz 2 · 0⤊ 0⤋
well, buying a car used to be smarter BUT with the value of cars going down every day leasing has it's points.
When you lease a car you do not have to worry about the value of the car being less than what you owe on it, that is the problem of the leasing company.
In the truth of the matter, your best bet is to buy a nice used car with cash and drive it till it dies, then get another. SInce most people seem to want a new car every couple of years, leasing allows this with the fewest negative ramifications.
2007-02-11 07:36:35 · answer #3 · answered by stratplayer1967 5 · 0⤊ 0⤋
Generally buying. In the end you still have the car and can use it without a payment or you can use it to trade in as a downpayment as another car. Buying a car means you will still have it and it is a better investment in the log run as you can still sell it once you have paid all the payments instead of turning the car back into the dealer. I would buy if i could afford it. Hope this helps
2007-02-11 03:16:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
it depends on your situation how long do you want to keep it?if you like a new car every year or so lease might be better if you want to keep it 5 years buy it
2007-02-11 03:14:10 · answer #5 · answered by gregs111 6 · 0⤊ 0⤋