Is it better to own or to lease a car. If planing to be changing vehicles every yr?

Question

whats better? What are the choices when leasing a car.

Answer 1

If you are planning to change cars every year a lease is probably not good for you. The rate would be very high. A lease usually is cost prohibitive unless the term is at least 36 months. If you really would like to change cars every year, my best recommendation would be to go to the car rental companies and purchase a one year old off rental car. Drive that for one year and you should be able to sell it for almost what you paid for it at the end of that year provided you do not put too many miles on it. Even if you do drive a lot, it still will be a lot less expensive than a new car.

Answer 2

If you are planning on trading every year, you'd better have a lot of money, and pay for the cars cash. If you finance or lease, you will have serious inequity issues, unless you put huge $$$ into the deal. It's no secret, new cars loose the most the 1st year, so my advice would be to look for 1 or 2 yr old cars to buy-will cost you less to trade up.

Answer 3

I think if you are changing every year (for sure), lease it. But if you think you will go over the mileage allotment, you better buy it... because every extra mile will get expen$ive. Leasing is better for those with less cash, it's cheaper up front. Buying is better for those with a small down over a longer period and cheaper in the monthly payments; it's essentially a better money value. If you got the dough to burn, lease. In negotiating your lease, do it like a car... ideally, you should get a car broker or use Costco or Walmart's car services to get a good deal if you're of the laidback approach. Happy motoring!

Answer 4

if you want a new car every few years go ahead and lease. but lets say you really want the car that you've leased, you will end up paying alot more to own it than you wouldve if you had financed it. do an online search on leasing and financing.

Answer 5

That depends on how many miles you drive each year-leases are based on miles driven so if you drive a lot of miles you may be bettter off buying.