**** CARS: LEASE versus BUY ****

[comix]

edmunds.com is your friend.

[crackhead]

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PM me if you want a breakdown for both options.

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If you're going to bother typing it out in any case, why not just post it?

EDIT: whatever, I'm sure the advice won't be very good in any case.

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that's why I told him to PM me. my suggestions were only my opinions based on my previous expeiences...

[d-baggery]

lol, the H3 is the gayest car on the road.

[surfinillini]

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lol, the H3 is the gayest car on the road.

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always helpful

[Banks2334]

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lol, the H3 is the gayest car on the road.

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Surf, I have to agree. Go with the Infiniti or BMW.

[bwana devil]

buy vs lease at bankrate.com

[bwana devil]

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3. Most manufacturers offer leasing programs that charge a lower rate of interest than is commonly available for traditional financing (buy) options.


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why does the interest rate really even come into play? youre dealing w/ two entirely different entities? i dont understand. why would a 5% interest rate on a lease be better when you dont own anything be better than a 6% finance when you own a $10k car at the end? you dont pay 10k in interest.

it seems most of what you wrote doesnt take into account a more critical factor such as how long someone is planning to own the car.

bwana

[Mr. Zero]

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I soon will be in the market for a new car...I'm looking for something nice but not looking to spend lots of $$ on DP and maintenance.

would leasing be a better option for me?

I guess there are good arguments for both...

please convince me

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It sounds like leasing would be better for you. Leasing allows you to purchase more car than you could otherwise afford. Basically, with a lease, all you're paying for is the part of the car that you use. Buying, you pay for the whole thing - and over a pretty short period of time (5 years is standard). Plus, by leasing you get (1) a new car every 2-4 years that won't break down and (2) is still covered by its warranty. I like the cost certainty at this point in my life.

Cars are sinkholes. The only way to really get a good value is to buy and drive it forever. Since I can't afford to buy something now I want to drive for 10 years, I leased.

Hope that helps.

PS - as someone mentioned, edmunds.com is your friend.

[Ineedaride2]

I think a lot of it depends on how many miles you're planning on putting on the vehicle.

[mostsmooth]

id recommend buying a car thats going to last a minimum of 10 years for sure. toyota corolla anyone?