Okay, hubby and I are getting a new car and we both usually finance, not lease, but since cars depreciate so much, I'm thinking leasing might actually be the better option. Anyone with experience or knowledge in this field? Is leasing a bad idea? Thanks!
Mrs. dleeny
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Re: Cars: To Lease or To Buy, that is my question???
Posted by m&m
I thinkyou should always buy - I just read a great book by Suze Orman - and she had a chapter on this issue - her rationale was that if you buy and make payments for 3-4 years, you'll probably keep the car for a few years after that, during which time you won't be making payments and will have several hundred extra dollars each month to save. Now if you lease, and give your car back after the lease, you will have to make payments again right away - and they can also nail you for fees at the back end of the lease.
yup! so I have saved over $14,000 by not having a car payment for 3 yrs (plus interest!) and I still love my car!
marymoon
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Re: Cars: To Lease or To Buy, that is my question???
Posted by LaurenluvsTJ
It depends on what is best for you.. right now I am leasing or smart buy or whatever you want to call it. I did not have any money to put down and could not afford a payment to buy a car. I could afford the lease payment, and I do have the intention of buying the car at the end of the lease. And I do not have a high-end luxury car AT ALL. Quite the opposite. My parents have been leasing for years and they love it. Everyone does what is best for their situation..
We're in the exact situation!
Even if it's a relatively inexpesive car, if you don't have a large downpayment, they paymesnt can be through the roof! So we went with the SmartBuy, MUCH more manageable!
