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.
Pros: you get to test drive the car and get a feel if you really like this car or not. If you don't like it, or want to try another model, you can turn it back in.
Cons: leasing a car is just like renting versus buying a house. You make those payments every month but nothing goes towards the equity, so you walk away with nothing. At least when you own a car and pay it off, it's yours.
The difference between buying a car and buying a house is that a car depreciates in value over time from wear and tear and eventually becomes worthless, whereas a house should appreciate in price over time if it is kept in good order (normal times).
by lupine 5 years ago
What are the pros and cons of buying a new car or a used car?Sure we would all like a new car, with all the modern conveniences, but is it worth it? Could we be happy with an older car and not worry so much what it looks like?
by toknowinfo 15 months ago
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by Vince 2 years 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.
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by O 8 months ago
To lease or finance a car, what do you think?
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