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Asked by SANDYCAT at 9:18 PM on Jan. 18, 2010 in Money & Work

Level 5 (69 Credits)
Answers (9)
  • your own. clark howard is totally agaisn't leasing and i can see why. it only really benefits you if your putting a whole crap load of miles per yr. clark howard is a money adviser.

    Answer by melody77 at 9:19 PM on Jan. 18, 2010

  • I own! and paid cash, not an old junker either, 2008, bought in Jan.'08 so about as new as a used car can be.

    I love not having a car payment! My life is so much easier without that monthly bill!

    Leasing to me is just long term car rental, same as renting an apartment or what not, you pay all this money out but never having anything to show for it!

    Answer by Anonymous at 9:19 PM on Jan. 18, 2010

  • Own - Free and Clear!

    Answer by RutterMama at 9:20 PM on Jan. 18, 2010

  • If you are always going to trade your car in every 2 years, just lease. If you plan on paying it off and keeping it for a while buy it.

    Answer by louise2 at 9:22 PM on Jan. 18, 2010

  • own because when you lease you have to worry about the overall condition of the car when your lease is up. its kind of like renting like someone else said. you rent an apartment and have to make sure the place isn't trashed before you move out or you get hit with penalties.

    Answer by xtwilightx at 9:23 PM on Jan. 18, 2010

  • Leasing is a money pit. Insurance rates are higher, you own nothing, If you go over mileage, have a scratch or dent or stain they charge you out the wazoo. Buying outright is the only way to go.

    Answer by GrnEyedGrandma at 9:24 PM on Jan. 18, 2010

  • owning

    Answer by charlotsomtimes at 10:18 PM on Jan. 18, 2010

  • OWN it outright.
    Even better is to buy a car that is 2 or 3 years old so that you don't get hit as hard when it's value plummets.

    Answer by Anonymous at 3:06 AM on Jan. 19, 2010

  • Own. And buy used; a car loses 15-20% of its value when you drive it away from the dealer.

    Answer by rkoloms at 7:59 AM on Jan. 19, 2010

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