Is leasing a car a better idea than buying?

[Anonymous]

Maybe

Other

[Anonymous]

Not really, you’ll end up paying way more for the car.

[Asker]

Over how much time. I dont have a long term mindset

[Opinion Owner]

You still gotta pay the interest every month. I think as long as you don’t buy out the car at the end of your lease then you’re all good, just lease a different car once this lease is up.

[Asker]

Exactly. If i spend whatever on a car i "own". Id have to sell it and repair it all that bullshit. can't i put in my lease that the owner has to do all the repairs

[andreasderjuengere]

''Leasing'' or ''financing'' is just a consumerist perversion.

Buy cash, or forget it.

I only get me stuff that I can afford without enslaving myself to a bank.

[Asker]

What century are you in

[andreasderjuengere]

In one that is sane :D
You -at your own age- cannot grasp the idea, though. You're a victim of your own time. Heh heh.
Seriously - once I had cut connections to banks to the minimum, my personal life had become better and better.

[Asker]

Banks have all the monopoly money which is what we use nowadays. All the money you have came out of a bank. You just didn't go straight to the source for it

[andreasderjuengere]

That's why I mentioned ''... to the minimum...''
It's sad enough that ''we'' have allowed a mere money keeping service to control economy and also many private lives.
By accident I have been born a bit earlier - and I have seen days where this situation had been a lot more moderate.

[Anonymous]

I've heard its a terrible idea, but I guess it works for some people.

[Asker]

Whys it terrible

[Opinion Owner]

The amount due at the end of the lease.

[Asker]

I googled it and it said there's usually a $2 000 deposit down for a honda sedan. Then for a 36 month lease its $400 a month. Thats like $15,000 total vs $25,000 for a new one. If im missing $15000 then it sucks to be me.

[douride2]

Leasing aa car is like throwing your money into a bottomless hole.

[DeeDeeDeVour]

If you "must" lease:

Lease if you only care to use the vehicle for a few years and intend to return the vehicle at the end of the contractual lease.

If your credit qualifies for a low-cost promo, Lease if you don't want to pay a big down payment.

If your credit qualifies for a low-cost promo, Lease if you don't want large monthly payments.

Lease if you can qualify the acquisition as a business expense.

Lease if you're self-employed contractual worker.

Lease if you're sole-proprietor business owner or shareholder of a corporation.

Lease if you don't travel far to avoid mileage limits.

If your credit and/or down payment aren't enough to get that promotional, low-cost lease, don't get lured into leasing or financing a purchase.

Buying a vehicle fully paid out the door would be the best.

[FreyaRed]

As private person very unlikely.

[jshm2]

Only if it's a 60k+ car.

[strateguy632]

it is