I am a student that is thinking about leasing a car. I would like to more information about the leasing option? And where are leasing dealerships located at?
2007-07-01 20:47:13 · 3 answers · asked by sweetnesstweety89 2 in Cars & Transportation ➔ Buying & Selling
Fleecing. Fleecing. Fleecing.
That is what leases are unless you are a business owner in the right tax bracket. A student should never lease a car, it will not be tax deductable, you will not own it, you will still have to maintain & insure it, etc.
Please, for your credit's sake, do not lease a car. Buy a car thats economical & low maintainance.
When you graduate and land a decent job and have some cash flow, then BUY a new car.
2007-07-01 23:47:01 · answer #1 · answered by ljoeguthrie 3 · 0⤊ 1⤋
Leases are very good for certain people. If you drive predictable amounts of miles, take very good care of your cars, and generally get a new car every three years, it is the way to go. It puts more risk on the back of the bank and does not tie up any of your capital in an asset that loses money. However, for students, I would progably advise against it because you don't fit any of the categories above.
2007-07-02 01:40:35 · answer #2 · answered by Jay P 7 · 0⤊ 0⤋
Leasing a new car is a bad idea. Find a good used car and buy that.
There is no such thing as a used car lease.
2007-07-02 04:27:41 · answer #3 · answered by mccoyblues 7 · 0⤊ 1⤋