Should I buy or lease a new vehicle?
A big truck to be specific...don't know if that changes the answer or not. Thanks!
If you are buying it for a long term purpose then buying would be the best option as you'll have the ownership rights of the truck...
You could buy a demo.. You will not absorb the cost of driving a new car off the lot and in the end its yours and if you pay twice the amount of a payment by leasing you are just burning your dollar. If you choose to sell it in a year or so any gain is yours. Check out local dealers for the beast demo price you might be suprised..
We just bought a new Mazda 3. It's so shiny! But I've heard that Honda cars drop less in value over time. I'd say buying is the best option.
Lease? Ugh! Never lease, it's such a waste of money. I wouldn't even buy new, myself. But if you must do one or the other, buy new.
If this will for a long term use, then you should buy it. However, if your going change it within 3 of 4 months, it is best to lease it.
Leasing amounts to financing the depreciation of a vehicle, plus paying useage charges, plus risking excessive depreciation when you're done. Overall, it's generally a very bad financial move, especially for personal use. Sometimes, it pays to lease for business, because you simply write off the payments. Still, most leases are such a bad deal even that is negative to your financial situation, even for a business write-off.
There is one situation where leasing makes sense, and that is where you definitely do not need whatever vehicle it is long term, and instead of buying and selling, you determine your costs up front, get to write it off fully, and it doesn't appear as credit liability on your business books.
by Vince18 months ago
Should I buy or lease my new car?I have always bought new cars, leasing is starting to sound better to me. Should I keep buying or lease, tell me why you do or the benifits of either to help me make a choice.
by Pixienot8 months ago
Which is better...buying a used car or a new car?
by websclubs7 years ago
What is best to Lease or Buy Your Car?
by lesliebyars5 years ago
I imagine a lease has it's advantages but if your planning on keeping your automobile for ever then a purchase is the way to go I believe.
by BlissfulWriter4 years ago
What is the difference between renting and leasing?Why some say "for rent" and others say "for lease"? Aren't they the same? Or is there a technical difference in definition?
by InfoFinder5 years ago
What are the pros and cons of leasing a car?Trying to determine, instead of buying a car, does it make sense to lease and not buy outright.
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