Lease or Buy?
When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision on whether to lease or buy your next vehicle, keep in mind that:
When you lease a new or used car, you only pay a portion of the vehicle's cost, which is the part you use during the time you are driving it.
Which is Best For You?
Is leasing or buying the best way to finance your next car? It's hard to give this a quick answer since there are so many trade-offs. However, if you take a closer look at your lifestyle, your needs and your preferences, you can probably come to a reasonable conclusion.
For example, if you need an upscale car for business, perhaps to entertain clients, leasing allows you to drive a luxury vehicle for less money. It might also provide a good tax write-off. However, if you don't need the status of a new car and prefer to keep automotive costs as low as possible, the best choice would be to buy a new or used car and keep it for as long as it is reliable. Ultimately, you can say good things about both buying and leasing. Your choice might be more of a combination of personal tastes and priorities than pure dollars and cents.
Leasing: Who Owns It
Buying: Who Owns It
Leasing: Up-Front Costs
Buying: Up-Front Costs
Leasing: Future Value
Buying: Future Value
Best Cars to Lease
The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less, you pay less. Make sure to review the lease ratings to see which cars best retain their value.
Leasing makes it easier to get more car for less money. This is because you only pay for the value of the car that you drive, instead of buying and owning the entire worth of the vehicle.
Buying frees you from the oversight that's involved in leasing. The car is yours to do with as you wish. Ultimately, it's up to smart car buyers to weigh the pros and cons, determine their needs and decide what choice best suits their lifestyle.