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Are there any benefits to leasing a car?

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Asked by Anonymous at 1:44 PM on Mar. 10, 2010 in Just for Fun

Answers (6)
  • We just bought a car. We've leased Audis for years. We like to lease because it's always under warranty in case stuff happens (and it does) and the repairs are expensive. You get a new car every three years and we have figured we'd always have some sort of car payment so why not lease new ones. Also, a new car loses its value the second you drive it off the lot but you still have the payments despite the loss. It's a good idea to buy a new used car instead of leasing. Still we just bought a new Sequoia off the lot but it was a good price and we love it. Plan to have it for a long time.

    Answer by Anonymous at 1:53 PM on Mar. 10, 2010

  • Leasing is very, very costly in the long run. If you buy right out in 3-4 years you own it. If you need to take out a longer loan than 4 years you can't afford the vehicle. You need to put more down. Leasing is like rent. You owe it every month but you own nothing but an obligated time you have to pay. Heaven forbid you go over miles, or stains on upolstery or scratches. They charge out the wazzoo for it.

    Answer by GrnEyedGrandma at 1:59 PM on Mar. 10, 2010

  • Only if you're the type of person who wants a "new" car every two years and goes trading in what you just bought....that's about the only time it's cost effective to get a lease over a traditional car loan.

    Answer by Anonymous at 2:00 PM on Mar. 10, 2010

  • It's a little cheaper each month than purchasing. Other than that, it's not ideal. We leased once, and now that we have that experience we never have to do it again.

    Answer by Pnukey at 2:01 PM on Mar. 10, 2010

  • if you have a lotta money and cars are really just disposable toys to you.. and you want a new toy every 3 yrs sure. also if you cannot afford a car that is reliable i guess it would work but you will lose all your money. the other way it is okay = is if you get something like an american car that looses a huge amount of the value being used for a few years. it woudnt be so bad to lease it.

    Answer by AmaliaD at 2:36 PM on Mar. 10, 2010

  • we like the smaller payments. we lease hondas, if we bought them at lease end we wouldn't be paying very much extra for them at all. they have a higher residual value than a lot of other cars.

    Answer by happy2bmom25 at 3:05 PM on Mar. 10, 2010

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