Financing vs leasing a car.

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Financing vs leasing a car.

  • Financing

    Votes: 15 88.2%
  • Leasing

    Votes: 2 11.8%

  • Total voters
    17

PUTZ

FNG / Fresh Meat
Nov 21, 2005
4,563
634
0
Baltimore, MD, USA
Depends on how much money you have.

(and if you can stick to the mileage/usage restrictions that are often present with a lease)
 
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=GG= Mr Moe

FNG / Fresh Meat
Mar 16, 2006
9,794
890
0
55
Newton, NJ
I have never leased and I would have bought my last truck outright had they not offered a $2,500 discount to finance a certain minimum and promise not to pay it off in less than six months.

So, speaking only for myself, I would rather buy/finance instead of lease.
 
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Floyd

FNG / Fresh Meat
Feb 19, 2006
4,313
725
0
Waterproof
www.ro50pc.net
Read the lease carefully.
You're generally responsible for anything other than normal wear and tear. They'll often tack on fees at the end to fix a scratch or ding.
 

Lt_Kettch

FNG / Fresh Meat
There was a report on TV about the exact topic and they came to the conclusion that financing is the better/cheaper option.

A dirty summary:

Some reasons for that are that you can choose how you want to get your car repaired and that you don't have to pay fines for any dents or scratches when you finance the car.

Also you can sell the car if you have to and get some of your money back.

Leasing is only reasonable for companies which get the money back from the government.
 

Reddog

FNG / Fresh Meat
Dec 7, 2005
2,572
476
0
Australia
Do not lease, ever!

You don't own the car, a lot of leases have restrictions on use and strict regimented service requirements, they fee you for damage and you have no ability to sell the car.

If you can't buy outright finance is the only way to go, also never ever get an extended warranty, it's a crock of ****!
 

NoxNoctum

FNG / Fresh Meat
Jun 15, 2007
2,968
722
0
I think just saving till you have the money to outright buy it is the best option... it's not like houses where the value goes up (usually) over time.
 
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Nicholas

FNG / Fresh Meat
Sep 16, 2010
1,275
665
0
There was a report on TV about the exact topic and they came to the conclusion that financing is the better/cheaper option.

A dirty summary:

Some reasons for that are that you can choose how you want to get your car repaired and that you don't have to pay fines for any dents or scratches when you finance the car.

Also you can sell the car if you have to and get some of your money back.

Leasing is only reasonable for companies which get the money back from the government.

Well I know that my moms boss leases a new car every few years, but its a luxury car, and its considered a "company vehicle".

I guess a car is just something I'd rather own.
 

Floyd

FNG / Fresh Meat
Feb 19, 2006
4,313
725
0
Waterproof
www.ro50pc.net
Lots of 0% finance options around today. Even if you can buy outright, free money is always a plus :cool:

Your mother's boss gets to write off the cost of the entire lease. Were he to purchase the vehicle he'd be limited to the allowed depreciation. And since its a luxury car, the depreciation is even further limited. Leasing makes more $en$e for him/her.
 
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