Why do people Lease expensive cars is it because they cant afford to buy it ?

Question

i only hear about people leasing Mercedes and BMW .... never honda or Kia ..

Answer 1

because they want to be seen with the latest luxury vehicle. Because they are snobs

Answer 2

I just saw a report that said that 17% of today's cars are leased. People try to show sucess and driving an expensive car is a way to keep up with the Joneses. They may not have the money to buy it either, or for that matter they may not want to. After 3 or 4 years they want a new one. Some of the leases are to companies. People will lease the car to the company they own and write it off as an expense and use it for their personal ride. There are a lot of reasons, I expect, to have so many people lease now. good luck.

Answer 3

Normally, people who lease those expensive vehicles have a lot of money to play around with. They generally don't like the repair bills that come along as a car gets older, so they keep a new car. Some people are trendy and like to buy a new car every time a new body style comes out because they get displeased with the car they have. Other people, who don't have kids, say that lease is the way to go because if you know that you are going to trade the car and you keep it clean (i.e. no kids) and keep low mileage there won't be any issues when the lease is up, you would have saved more money leasing than you would have if you had financed the car.

Answer 4

Most people who lease a vehicels fall in two categories. Those who like having a new car every few years and can afford the luxury and those who require a new high end vehilce every few years for buisness. The later group of people who lease cars for work tend to be sales men, real estate agents and so forth. A real estate agent who wants be part of a multi million dollar home sale would have a hard time getting a prospective client in a Kia or even a 5 year old BMW. We can see why certain professionals would require a newer "IN" car every 3 years.

Answer 5

People lease Honda's and Kias trust me. Cars even average ones are expensive - the average person makes $30,000 dollars a year and the average new car cost's about $25,000.Mercedes can cost from $50,000 to $100,000
Plus these people have house payments , child support, utilities, taxes and insurance to pay for. If a car breaks down it's expensive , lease agreements often cover maintenance and allow a trade in for an even newer car before it really starts to go bad. Cars depreciate in value and are not often good things to invest your money in.

Answer 6

Actually you are misinformed. I lease numerous Honda's and Hynda's. A lease is a great option if you like to trade cars frequently. You don't get stuck with negative equity and your payments are much lower.

Answer 7

Could be.

Also, some people prefers leases because then you can get a new car in 2 years (or whatever time your lease may be). Some people just find it easier.

Answer 8

I got a leased kia sephia actually, it was a pc of garbage and for us, we got it leased because we were desperate for a car. For people with shoddy credit, you get a leased car because sometimes that's the best you can do.

Answer 9

Sometimes you can get a much better deal on a lease for the more expensive cars.

Answer 10

Lower payments to lease. Everyone's eyes are bigger than their pocket book. There is no point of busting your butt for a $600 car payment every month if it just ends up in accidents and what not. Better to just lease for a $200 a month and trade it in as you go.

Answer 11

yes, you can get an affordable payment on a more expensive car by leasing; and, some people just like getting new cars every few years