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BUTCHOY
BUTCHOY asked in Cars & TransportationBuying & Selling · 6 years ago

Which is better, buying a car outright or getting it on lease terms?

Update:

I am planning to get a used car for my daughter or getting it on lease terms. Which is the best option to take?

4 Answers

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  • ?
    Lv 7
    6 years ago

    Buying it outright is best UNLESS you can deduct lease payments of your business taxes.

  • ?
    Lv 7
    6 years ago

    You can't lease used cars, only brand new cars. So that option is out.

  • jo
    6 years ago

    New car financed.

    If you lease... You need a down payment. Then after you pay your lease off you pay the difference in value afterwards.

  • Anonymous
    6 years ago

    leasing is bad

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