Is leasing a car ever a good option?

I am trying to decide between buying new, used or leasing a car. I know everyone's situation is different, but would be helpful if any of you could provide some insight on leasing a car.

Click to vote and we'll show you the results.

YES

This question was: Great Confusing Inappropriate

23 votes

Comments (2)

ham326

report spam

2 years ago

Leasing can be a good option. Depending on the price of the car, the resale rate after 3 years, what the dealer is charging for the residual value at the end of the lease term, and if you intend to keep the car long term. Basically, if you buy that 100k benz and intend to sell it after 3 years, and can sell it for 50k in top condition, then you would be spending 50k to own that car for 3 years. If the lease terms have you pay 35k for three years, which option would you choose? If you intend to keep the car longer term, generally purchasing would be the better option.

(1)

JMcGill

report spam

2 years ago

Leasing only makes sense if you are finicky and always want something new. When you buy a new car, the new car smell wears off quickly. At least when you lease a car you can bring it back and get something else shiny and new. Leasing a car is like renting a car but for longer. Buying new is overrated. I recommend buying used or even better buy a certified pre-owned car through your local dealer. Many of those deals will have an existing warranty which is a good thing nowadays. good luck.

(0)

Share on

Twitter

Facebook

MySpace

Direct Link