In what instance would it be financially advantageous to lease a car instead of buying it? I could never get my head around this. My car is completely paid off and I love not having a car note. I understand that the value will only decrease from here ...but I just could never justify leasing a vehicle.
Lease or Buy a car?
- Thread starter Sharon
- Start date
Uncrowned Guard
Resident
I always buy, but I can see the perks of a lease. I am a very low mileage driver, maybe 3k a year, and I can get a brand new vehicle for under $200 a month with ease on a lease and that isn't really possible if I were to buy them new. I also live in the north and frames simply do not last long enough to justify buying a new car for myself to just put 30k miles on it and scrap it from rust in 10 years.
If you need to have a car around but don't do too much driving, you can probably save money having a lease. Plus, you can always have the latest and greatest vehicle, and you don't have to worry about maintenance beyond the basics. Personally, I drive too many miles for it. The lease agreements I've seen really don't allow you to do too much driving.
StormyFire
Familiar Face
I haven't bought a car for a long time, but I don't think leasing would work for me. I drive too much.
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