Reply to In general, how much more expensive is leasing than buying (if at all)?

Forum Index » Cars and Transportation

Reply to "In general, how much more expensive is leasing than buying (if at all)?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Leasing will be cheaper over very short periods (assuming you have enough mileage allowance) because the monthly payment will be lower because you aren’t paying for the residual value (the value of the car when you turn it in).

Owing will be cheaper over long periods because once you pay off the note you have no payments other than periodic maintenance.

You just need to calculate the payoff period. [/quote]

Yeah my parents used to lease cars, and my sister does now. It’s not that they are driving fancy, expensive cars, they just didn’t have enough $$ for a decent down payment so leasing was cheaper in the short run, and maintenance costs are much less during the leasing period (whereas with a used car it’s more if a gamble).  My dad actually convinced me to do this out of college too, he was so worried about me ending up on the side of the road somewhere with an issue and thought I should have a new car, but neither I or they had the money to buy one.  It was the only time I leased but it worked out ok- I ended up buying the car after the lease period was up.  Never ran the numbers for a cost comparison though.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics