Lease or Buy

[Anonymous]

Anonymous wrote:Do you lease or did you buy your car? Why or why not?

It depends. If you have money, buy cash, buy affordable and sensible car with low maintenance cost.

If you don't have money and prefer fancy cars, lease so you can return before it starts needing expensive repairs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Right now it's much cheaper to lease.

It’s actually a lot more expensive to lease in most cases right now.

Some manufacturers used to offer compelling lease deals, but those went away in 2020 and haven’t come back.

I leased my car last year (the popular Toyota Highlander) and it was cheaper to lease.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you lease or did you buy your car? Why or why not?

It depends. If you have money, buy cash, buy affordable and sensible car with low maintenance cost.

If you don't have money and prefer fancy cars, lease so you can return before it starts needing expensive repairs.

So stupid. Leasing my affordable, sensible car was cheaper than buying it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you lease or did you buy your car? Why or why not?

It depends. If you have money, buy cash, buy affordable and sensible car with low maintenance cost.

If you don't have money and prefer fancy cars, lease so you can return before it starts needing expensive repairs.

So stupid. Leasing my affordable, sensible car was cheaper than buying it.

DP.

You sure?

That’s almost never true in the long run (assuming you’re willing to keep the car for a while).

[Anonymous]

We bought two of our cars and are leasing the third which is an electric vehicle.

[Anonymous]

Anonymous wrote:We bought two of our cars and are leasing the third which is an electric vehicle.

To the 21:03 poster - What was your reason for leasing the electric vehicle? We've always bought our cars and owned them at least 8 years. Thinking of getting an EV, but given how quickly technology changes (especially since the EV is 1st generation), I'm thinking it might make more sense to lease.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We bought two of our cars and are leasing the third which is an electric vehicle.

To the 21:03 poster - What was your reason for leasing the electric vehicle? We've always bought our cars and owned them at least 8 years. Thinking of getting an EV, but given how quickly technology changes (especially since the EV is 1st generation), I'm thinking it might make more sense to lease.

That was definitely a large part of it. I imagine things will change with EVs in 3 years. It was also an expensive car and we could easily afford the lease payments but didn’t have any to spend so much cas.

[Anonymous]

Lease. Never want to keep a car past warranty again.

[Anonymous]

We have leased before and bought used cars with cash. There’s pros and cons with both. With me lease wasn’t the best because I tend to bang into things and wear and tear is excessive with our kids and their friends. It’s better for us to buy and run it until it falls apart.

I’m worried now though because we can’t pay $20,000 for a mid level car anymore. Prices are crazy.

[Anonymous]

I like to buy used high end cars three years old with less than 25k miles. Someone else paid for the depreciation but there are at least 75k good miles ahead. I keep them about five years. My previous car was a nice Mercedes and now I have a Porsche Macan. I sold my Mercedes for about 75% of what I paid for it after 4-5 years.