Better to buy or lease?

[finephysique]

Have yo thought about just buying an old car for a while to make sure driving is for you after no driving for so long? Then save up and buy something newer in a years time if yo want. Other than appearances a new car is a waste of money just as high class makes are because they are usually the same as a cheaper one underneath.

 

[inoverdrive]

I was in the car business for 20 years, from sales to General Manager and heres my opinion.
If you have drive low miles, trade every three years or so and keep the car in good shape then yea leasing is good.

Other then that, so many banks offer 0 to 1.9% on finance its crazy not to do it that way. Leasing has a lot of rules you have to deal with. Me personally I drive way to much to lease.

 

[Chris426]

Same here. I have a special place in my heart for Corvettes. I always wait until the next generation comes out, then buy. Picked up a very low mileage C6Z06 for a great price when everyone started selling abs trading up to the C7.

I've had it for a few years now, and it still puts a smile on my face every time I drive it!

Sent from my LG-H871 using Tapatalk

agree, but as for a long term, it will be more favorable to buy one?

 

[n3mo0101]

I sold cars for a long time and LEASING is definitely the way to go as long as you're not driving like 30k miles per year. If you are driving that much though, figure out how much a high mileage lease would be in comparison to a finance and selling the car at 100k miles. Usually cars have shit value at 100k so see what is more, the lease cost or the amount you will lose in finance payments plus loss to depreciation.

 

[n3mo0101]

a car is NOT AN INVESTMENT. IT IS AN EXPENSE. Remember this. You can't look at a depreciating asset the same way as you can an appreciating one.