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Author Topic: Should I Buy or Lease a Car? Back to Topics
mastermariner

Champion Author
Texas

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Message Posted: Jun 27, 2013 3:25:27 PM

If it’s time for a new set of wheels, with it will come the inevitable question: Should I buy or lease a car? It’s important to do your research before you decide which option makes sense for you and your budget. And although we would all love a brand new sports car every couple of years, is that financially realistic or responsible?

Unlike purchasing a home, which can be a sound financial investment, a car automatically depreciates once it is driven out of a dealership’s parking lot. When you’re making your decision, consider these factors that could change the way you think about leasing.

1. Less money upfront: Typically, leasing a car requires a lower down payment (if any at all) than purchasing. Additionally, the sales tax is lower because you pay based on the used value of the car.

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REPLIES (newest first) Post a Reply
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mpg611
Champion Author Cleveland

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Message Posted: Jun 28, 2013 5:59:51 PM

Always best to BUY a car, especially if you drive a lot of miles.
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DanMtz
Champion Author Oakland

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Message Posted: Jun 28, 2013 2:02:31 PM

Leasing works for companies, not so much for individuals.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jun 28, 2013 12:07:27 PM

Too many strings with a lease for me. I will always buy and then run into the ground.
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blupupher
Champion Author Houston

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Message Posted: Jun 28, 2013 10:57:46 AM

leasing makes sense for only about 0.1% of drivers, the rest are better off buying, most are better off buying used.
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Eugenian
Champion Author Oregon

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Message Posted: Jun 28, 2013 8:32:08 AM

Leasing is for suckers.
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dabayer
Champion Author New Hampshire

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Message Posted: Jun 28, 2013 8:04:44 AM

Na, buy new, you get what you paid for.
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gs7101
Champion Author San Antonio

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Message Posted: Jun 28, 2013 7:41:42 AM

This poster prefers to buy over leasing a car!
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StArrow68
Champion Author Oakland

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Message Posted: Jun 28, 2013 4:46:29 AM

Buy, if you care about cost, lease if you don't.
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bisonjim
Champion Author Florida

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Message Posted: Jun 28, 2013 2:53:50 AM

OK
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granitestater
Champion Author New Hampshire

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Message Posted: Jun 28, 2013 1:50:21 AM

Buy for personal use. Lease for business use.
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rosa403
Champion Author Indiana

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Message Posted: Jun 28, 2013 1:29:12 AM

i rather buy
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musicreporter
All-Star Author San Antonio

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Message Posted: Jun 28, 2013 1:11:58 AM

ok
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iFueler
Champion Author Durham

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Message Posted: Jun 28, 2013 12:16:03 AM


     objectively comes down to an economic analysis
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BBF_PFS
Champion Author Washington

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Message Posted: Jun 28, 2013 12:16:02 AM

Sure I'll lease as long as I can still put 30,000 miles a year on it without paying extra.
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jetskijerry
Champion Author North Carolina

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Message Posted: Jun 28, 2013 12:07:00 AM

buy used domestic
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1momsunshine
Champion Author Ottawa

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Message Posted: Jun 28, 2013 12:04:54 AM

choose wisely
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gta_guy
Champion Author Toronto

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Message Posted: Jun 27, 2013 11:59:19 PM

The answer is going to be different for everyone
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andy1024
Champion Author Allentown

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Message Posted: Jun 27, 2013 11:55:37 PM

Really depends, no generic answer.
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CityCouponer
Champion Author New Orleans

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Message Posted: Jun 27, 2013 11:06:31 PM

Buy, and choose wisely.
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drobbbb
Champion Author Maryland

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Message Posted: Jun 27, 2013 11:04:26 PM

buying is better
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WalkingWV
Champion Author West Virginia

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Message Posted: Jun 27, 2013 10:59:13 PM

Leasing is for suckers.
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alterman156
Champion Author New York

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Message Posted: Jun 27, 2013 10:48:34 PM

For some people, leasing is better than buying.
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esq262
Champion Author Asheville

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Message Posted: Jun 27, 2013 10:04:19 PM

Buy used.
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GreatGraphics
Veteran Author New Jersey

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Message Posted: Jun 27, 2013 10:03:03 PM

Buy a car for $ 20,000, lease the same car for $2,000 down, $ 200 per month. In the first year your out $4400 leaving $15,600 still in your control. If you can use the money as an investment vehicle or pay off debt- lease.
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amerk73
Champion Author Dallas

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Message Posted: Jun 27, 2013 9:40:27 PM

buy better
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jimgraham
Champion Author Akron

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Message Posted: Jun 27, 2013 9:29:42 PM

If you can't use the lease expense as a write-off against taxes - don't lease.
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Snowball2013
Champion Author Yakima

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Message Posted: Jun 27, 2013 9:27:26 PM

ok
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Tacodan
Champion Author Cincinnati

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Message Posted: Jun 27, 2013 9:15:29 PM

walk, or ride a bike
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TomT2Lee
Champion Author Cincinnati

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Message Posted: Jun 27, 2013 9:10:44 PM

Haven't you heard? Autos are going the way of dinosaurs.
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PathfinderSC
Champion Author South Carolina

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Message Posted: Jun 27, 2013 9:09:01 PM

I like to buy a car when the lease car is turn in.
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fourdezzzz
Champion Author Atlanta

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Message Posted: Jun 27, 2013 8:52:29 PM

Buy
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Jun 27, 2013 8:51:04 PM


Buy. No lease.

Doesn't matter; either way is a waste of money.

Decisions, decisions, you decide!
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coughlin
Champion Author San Jose

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Message Posted: Jun 27, 2013 8:17:24 PM

Buy.
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csblesson
Champion Author Texas

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Message Posted: Jun 27, 2013 7:58:24 PM

Good article, I would buy
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qwerty17
Champion Author New Jersey

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Message Posted: Jun 27, 2013 7:54:20 PM

buy
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JDchefF
Champion Author Lancaster

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Message Posted: Jun 27, 2013 7:44:51 PM

I would buy something used that would be lower priced anyway. Need to get out all the details on leasing, miles and other things.
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velichita
Champion Author New Jersey

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Message Posted: Jun 27, 2013 7:43:41 PM

Leasing is only for those people who do not care about money and want to drive a new car every 3 years.
Anyway it's wasting money no matter how many miles in a year you drive.
Only dealerships win from leasing.
I never lease.
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djwhit
Champion Author Ohio

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Message Posted: Jun 27, 2013 7:43:29 PM

WHATEVER,BUT I WOULD BUY.........
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YumaFellow
Champion Author Arizona

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Message Posted: Jun 27, 2013 7:33:01 PM

I would outdrive the mileage limits, so a lease is a non-starter. Also, I tend to drive a new car until the wheels fall off; I don't have a need to drive the latest model. So I have never leased and don't plan to.

Better off, I think, to buy a used car you can afford. I don't think leasing is the way to go.
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USMCturtlehead
Champion Author Lexington

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Message Posted: Jun 27, 2013 7:22:30 PM

Depends on situation and how much money you have.
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flatrock14
Champion Author Michigan

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Message Posted: Jun 27, 2013 7:08:49 PM

if I didn't drive 60 miles round trip to work I would lease
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Straitliner
Champion Author Illinois

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Message Posted: Jun 27, 2013 7:06:01 PM

old news story was on here 3 weeks ago.
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Pielededrac
Champion Author Florida

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Message Posted: Jun 27, 2013 7:00:29 PM

My accountant always says buy.
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madison8359
Champion Author Cleveland

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Message Posted: Jun 27, 2013 6:53:35 PM

Do the math and figure it out.
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admiller316
Sophomore Author Detroit

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Message Posted: Jun 27, 2013 6:51:13 PM

Not that complicated. Simple math can help you figure this one out.
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Pramodsharma
Champion Author Richmond

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Message Posted: Jun 27, 2013 6:49:03 PM

Old same question!
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nicven
All-Star Author Virginia Beach

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Message Posted: Jun 27, 2013 6:22:46 PM

Whatever
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streetirsx
All-Star Author North Dakota

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Message Posted: Jun 27, 2013 6:17:54 PM

buy if you drive alot and plan to keep the car for a while, lease if you dont drive much and like having new cars ever few years is the bottom line pretty much...
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playtimeCLE
Champion Author Cleveland

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Message Posted: Jun 27, 2013 6:14:25 PM

There are way to many restrictions involved in leasing. I would only lease if I wanted a new car every 2 years and didn't drive more then 10,000 miles a year. If you intend to keep the car longer then it takes to pay it off, your better off buying.
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jamofsocal
Champion Author Los Angeles

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Message Posted: Jun 27, 2013 6:11:04 PM

Sound financial advice dictates that one should buy what they can comfortably afford in cash. One should not borrow money to purchase something that is a depreciating liability.
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