Lease VS. Buy

[jordanianprincess 0]

What do you think is better? Leasing or Buying?

[Ban Hammer 14,408]

What do you think is better? Leasing or Buying?

buying

[jordanianprincess 0]

What do you think is better? Leasing or Buying?

buying

can you elaborate por favor? I am in the process of making a very important decision, LOL

[Ban Hammer 14,408]

What do you think is better? Leasing or Buying?

buying

can you elaborate por favor? I am in the process of making a very important decision, LOL

personal preference - if i'm going to spend dang near enough to own it in 3 years, i'd rather pay that amount for 4 years and have something to trade in.

as i understand it on leasing, you still have to pay for all the maintenance and insurance and so on, so you don't really save money - leasing is predominantly something for a business or if you just have to have a new vehicle every 3 years or so (note also that lease vehicles have many clauses in them, one about excess milage......)

[sarah and hicham 3]

I already told you buy buy buy!

Also if you're going to put tons of miles on it for example commuting everyday then you'll have to pay an arm and a leg for the extra miles. Trust me, I had this problem with my big wheels.

[Henia 11]

Agree with Sarah and Charles here... if you are paying 3-5 years for something...you better be able to sell afterwards...

[jordanianprincess 0]

Ok let me give you some numbers

Car Value $56,000

Down Payment $1,000

Monthly Payment $329

Lease Term: 27 months

Mileage allowed: 22,500

Justification: I'm a princess LOL

Tell me what you think so far, this deal is not open to the public. It's special for friends and family.

[Ban Hammer 14,408]

Ok let me give you some numbers

Car Value $56,000

Down Payment $1,000

Monthly Payment $329

Lease Term: 27 months

Mileage allowed: 22,500

Justification: I'm a princess LOL

Tell me what you think so far, this deal is not open to the public. It's special for friends and family.

in the above case, that's probably not a bad deal. you'll spend $9883 in 3 years, but make sure there is not an end of lease payment. and you'll have an average of 833 miles a month....... only you know if you'll exceed that and best to find out what the cost is per mile for overmilage.

Edited December 9, 2006 by charlesandnessa

[jordanianprincess 0]

Ok let me give you some numbers

Car Value $56,000

Down Payment $1,000

Monthly Payment $329

Lease Term: 27 months

Mileage allowed: 22,500

Justification: I'm a princess LOL

Tell me what you think so far, this deal is not open to the public. It's special for friends and family.

in the above case, that's probably not a bad deal. you'll spend $9883 in 3 years, but make sure there is not an end of lease payment. and you'll have an average of 833 miles a month....... only you know if you'll exceed that and best to find out what the cost is per mile for overmilage.

No end of lease payment. The balance will be 38K and I can either give it back, re-lease, or finance it. It's a SWEET car. It's 25 cents per mile for overage but if I keep it, then that doesn't really matter. I have to decide by the end of the month, they rarely do this special.

[sarah and hicham 3]

For me that would not be a good deal because I drive much more than that per month.

[Ban Hammer 14,408]

Ok let me give you some numbers

Car Value $56,000

Down Payment $1,000

Monthly Payment $329

Lease Term: 27 months

Mileage allowed: 22,500

Justification: I'm a princess LOL

Tell me what you think so far, this deal is not open to the public. It's special for friends and family.

in the above case, that's probably not a bad deal. you'll spend $9883 in 3 years, but make sure there is not an end of lease payment. and you'll have an average of 833 miles a month....... only you know if you'll exceed that and best to find out what the cost is per mile for overmilage.

No end of lease payment. The balance will be 38K and I can either give it back, re-lease, or finance it. It's a SWEET car. It's 25 cents per mile for overage but if I keep it, then that doesn't really matter. I have to decide by the end of the month, they rarely do this special.

so you have time to get an insurance quote. that is going to be important also. find out what the insurance requirements are for that vehicle, get ahold of your insurance company, and make sure you can afford that too. my suggestion is go ahead and get the vehicle if you can afford it. you'll depreciate a vehicle 10k in 3 years anyways.

[jordanianprincess 0]

For me that would not be a good deal because I drive much more than that per month.

That's because you have to drive 20 min to In-n-out burger

[jordanianprincess 0]

Ok let me give you some numbers

Car Value $56,000

Down Payment $1,000

Monthly Payment $329

Lease Term: 27 months

Mileage allowed: 22,500

Justification: I'm a princess LOL

Tell me what you think so far, this deal is not open to the public. It's special for friends and family.

in the above case, that's probably not a bad deal. you'll spend $9883 in 3 years, but make sure there is not an end of lease payment. and you'll have an average of 833 miles a month....... only you know if you'll exceed that and best to find out what the cost is per mile for overmilage.

No end of lease payment. The balance will be 38K and I can either give it back, re-lease, or finance it. It's a SWEET car. It's 25 cents per mile for overage but if I keep it, then that doesn't really matter. I have to decide by the end of the month, they rarely do this special.

so you have time to get an insurance quote. that is going to be important also. find out what the insurance requirements are for that vehicle, get ahold of your insurance company, and make sure you can afford that too. my suggestion is go ahead and get the vehicle if you can afford it. you'll depreciate a vehicle 10k in 3 years anyways.

I love it when you hear what you wanna hear

Gotta call the insurance company in the morning, good thing that I have a great driving record.

[sarah and hicham 3]

For me that would not be a good deal because I drive much more than that per month.

That's because you have to drive 20 min to In-n-out burger

hahaha and 100 miles for weekend golf tournaments haha.

[jordanianprincess 0]

For me that would not be a good deal because I drive much more than that per month.

That's because you have to drive 20 min to In-n-out burger

hahaha and 100 miles for weekend golf tournaments haha.

LOL and how far do you have to for Walmart?