Is better to lease the new 2007 Cadillac Escalade or buy it?

Question

I got a lease quote from http://www.newcadillacescalade.com and it is lower than my co-worker. Is better to lease the new Cadillac Escalade or buy it

Answer 1

Just BUY it. If you're going to make payments and put all this money into a car you might as well own it when you're done. If you use alot of miles, definitely buy it. If not, see what's up with leasing. Because leasing is more for people who don't need to drive that much. Good luck.

Answer 2

NEVER lease a vehicle, unless you plan on trading it in at the end of the term for a different vehicle or buying it at the end of the lease term. Cause you're just wasting your money if you lease w/out intentions to buy/trade at the end of the lease.

Answer 3

You have to ask yourself how long you want to drive it. Leasing will be cheaper, but you'll have nothing at the end of the term. Additionally, the fees at the end of the lease could be really high. It also depends how many miles you drive per year.

Answer 4

Leasing vs. Buying is more a matter of preference than a definite advantage. Each has it's benefits.

But, unless you're planning on keeping the vehicle for at least ten years, it just not worth it to buy. You're not going to get much for it on resale, so have to keep it long enough to justify that depreciation.

Answer 5

You should never lease a car - that is a very bad financial mistake. If you can afford it, it's better to buy a car. Check out financial expert Dave Ramsey to see what he recommends when it comes to cars and making good financial decisions.

Answer 6

buy, deff.
think about it.
if you lease it, when the lease ends you have nothing.
but if you buy it, eventually you will own the car and you can do what you wish with it.
leasing is essentially throwing money away.

Answer 7

lease is good if your not putting many miles on it. you would have to find out how many miles your allowed per year the do the math to see if you could do it