Which is better, leasing or purchasing a new car?
If you asked me that question eight months ago my answer would have been a shrug of the shoulders. My philosophy was, why lease when you had nothing at the end. Owning a car gave me something of value to sell or trade. Correct? Maybe.
Trust me; I haven’t mastered the leasing process. Although I’ve learned enough to
know the basics of leasing and what should be considered when choosing between
a car lease and purchase.
In a nutshell:
If you drive from Boston to Vermont every day…you might not want to lease a car.
If you like doing the maintenance on your car…you might not want to lease a car.
If you name your car and get attached easily…you might not want to lease a car.
If you typically drive 10, 12, or 15 thousand miles a year…you might consider leasing a car.
If want to have the latest and greatest…you might consider leasing a car.
If you like change…you might consider leasing a car.
I have always purchased a car, but that may be changing very soon.
For more information, the link below provides much greater insight about the difference in leasing
or purchasing a car. http://auto.howstuffworks.com/buying-selling/buy-or-lease.htm