Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Is it better to lease Or finance a car?

17 Answers

Relevance
  • 3 years ago

    Depends on your needs.

  • 3 years ago

    Neither, better to buy it, pay cash

  • 3 years ago

    Finance

  • Anonymous
    3 years ago

    Leasing makes most sense mainly to people working on a commission or who are self-employed, i.e. people who are rich businesspeople! It helps in claiming expenses which helps in reducing your taxes, etc. Only businesspeople can claim expenses to reduce taxes, regular people can't.

    Also, it makes the most sense when you have a very expensive luxury car, like a Mercedes or a BMW, or something like that. That's mainly because those cars are highly unreliable cars, and it's best to get rid of them after a fixed time period before their repair bills become astronomical. If you want to own a car, then the most reliable cars are the Asian ones, such as Toyota, Honda, or Hyundai. Those cars will last decades if you do some minimum (and cheap) maintenance.

  • How do you think about the answers? You can sign in to vote the answer.
  • 3 years ago

    Depends on several factors. Best you decide for yourself than depend on answers from strangers who know nothing about you or your situation. Educate yourself at https://leaseguide.com/ and make your own decision.

  • 3 years ago

    That depends if you want to own a car after 3 years of paying for it. At the end of a lease you own NOTHING. If you still want the car you have to buy it again.

  • 3 years ago

    It is best to pay cash. Leasing is the most expensive way to get a vehicle. And it is the hardest way to get rid of a vehicle before the end of the lease. Look at www.swapalease.com

  • .
    Lv 7
    3 years ago

    It's best to buy it outright, to avoid paying interest.

  • JetDoc
    Lv 7
    3 years ago

    MUCH better to finance. At least then, after making monthly payments for several years, you actually OWN the vehicle. When you lease a vehicle, you make monthly payments, buy license plates and insurance and maintain it just like you owned it, but at the end of the lease period, you give it back to the dealer and walk away with nothing.

  • ?
    Lv 7
    3 years ago

    Finance. After all, when you're done, you have something to show for it. When you lease, you are basically throwing money away. It's like the difference between renting a house or buying a house. Granted, it depends on how financially sound you are.

Still have questions? Get your answers by asking now.