To buy or lease a car? (1 Viewer)

[ryan_x]

I will probably be buying my first car within the next year...and I was just wondering what is better to buy or lease a new car...its seems like such a better deal to lease a car...especially if you dont plan on keeping it for more than 4 years...I mean i can lease a way nicer car for the same price as buying one...what has been your experiences...what are the adavantages and disadvantages of both?

 

[Mike_Mig]

I think the only reasons to lease a car are 1) you wan't to trade it in and get a new one pretty frequently, a couple years, 2) buying a car can be more expensive.

It sounds like you would like to keep getting new cars so leasing may be for you. Just remember, when you are leasing a car you own nothing. You may be able to have the car paid off in 4 years, then when you trade it in you get money for the trade in. Or you can keep it and have no car payments for as long as you like.

Basically, leasing a car is like renting an apartment, you are always paying and getting nothing in actual value back. If you lease you will be always be making payments for as long as you continue to trade in and lease a new one.

I would personally buy.

Mike