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Is it better to lease Or finance a car?
17 Answers
- Anonymous3 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.
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- AlCaponeLv 73 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.
- The DevilLv 73 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.
- regeruggedLv 73 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
- JetDocLv 73 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 73 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.