Would you ever lease a car?
If so, how was it? Just curious.
If so, how was it? Just curious.
buster
Favorite Answer
I would. I haven't though.
BigDog507
I have been leasing for 25 years and have had up to two cars leased at the same time. I sold cars for 4 years and was leasing before I started trying to sell them and am still leasing 15 years after I quit selling. The biggest question is how many miles do you drive yearly. I told my customers that under 15000 leasing is an option. Between 15-20000, maybe. Over 20000 usually not a good choice. The typical lease for Toyota is 15000 which is about the average number of miles per year for the typical driver. There are low mileage leases for other makes that go as low as 10000/yr. The up side is you always have a new car and don't have to worry about repairs. A number of the other answers mention that you never own the car and that it more expensive. True, you never own the car but lease payments are usually less than buying. I could put you in an Avalon lease for what I could sell you a Camry. The down side is that you always have a monthly payment. If you are a person who likes to pay one off and drive it forever then this is not for you. I did buy one of my cars at the end of the lease becaause it made sense at the time. Also the length of the lease can vary not only by make but may be set to a length that you choose. It all boils down to a personal preference and driving style.
?
I might. I work for an insurance company and i want to have a vehicle for short term business use. I was interested in leasing a 3 Series BMW. But i left them for a while because i decided to study at university full time
nascar88gyrl
I've leased 4 vehicles in the past because I wanted a new vehicle every 2 years. My last 3 vehicles were financed.
?
Never have and I don't think I will. Leasing makes the least monetary sense unless you want a new car every 3 years but you pay more for that privilege. Buying used makes the most sense and buying new and financing and then keeping the car a long time makes the next best sense.
http://www.edmunds.com/car-buying/compare-the-costs-buying-vs-leasing-vs-buying-a-used-car.html