2007-03-01 10:57:57 · 7 answers · asked by Ro¥al Tree® 3 in Cars & Transportation ➔ Buying & Selling
Always remember: leasing is basically a long-term rental.
After you finish leasing the vehicle, you are given the option of buying it (for a large amount), or giving it back (getting nothing in return, and possibly paying extra if you have exceeded the allowed mileage.) This is only a good idea if the cost can be written off on your taxes (corporate vehicle, etc.) Otherwise, it is MUCH more expensive to lease in the end, although they make it sound cheaper in the beginning. Usually, lease payments are lower than buying, but buying doesn't have a big payout at the end.
2007-03-01 12:28:47 · answer #1 · answered by Me 6 · 0⤊ 0⤋
Leasing a car means you will have to return the car at the end of the lease period. You also have certain restrictions, such as no modifications, yearly mileage limits, etc. This is usually a bad option.
Buying a car means your payments are going towards ownership of the car. At the end of the purchase period, the car is yours completely. This is the best option as it builds your credit substantially and you are free to do what you want with it.
2007-03-01 19:02:15 · answer #2 · answered by peersignal 3 · 1⤊ 0⤋
the buy car would be yours the car lease would have to be return went the lease is up
2007-03-01 19:15:00 · answer #3 · answered by jamrock.food 4 · 0⤊ 0⤋
leasing a car is like paying rent if something goes wrong they fix it and buying a car you break it you pay for it
2007-03-01 22:46:03 · answer #4 · answered by j_airgood 1 · 0⤊ 0⤋
Buying: You're paying a monthly installment towards a vehicle that will belong to you at the end of the loan-terms.
Leasing: Is the same as renting. At the end of the loan you MUST return the vehicle to them. At that time, if you wish to keep the vehicle you will need to pay them for the current market value at the time of turning it in. IE: It will never be yours.
2007-03-01 19:03:37 · answer #5 · answered by rob1963man 5 · 1⤊ 0⤋
leasing is like renting.......you never own the car........but you don,t have to pay for non maintenance repair,s............if you own then your responsible for any thing not covered by your warranty.
2007-03-01 19:06:41 · answer #6 · answered by slipstream 7 · 0⤊ 0⤋
their the oppisite.duh.....
2007-03-01 19:06:41 · answer #7 · answered by danyusim 2 · 0⤊ 1⤋