[AutoGuide.com]

The route to car ownership is filled with many options and leasing can be one for those who do not want to commit to a long-term purchase.



Read more >>

 

[rprice]

I’ll add to this one from a common sense perspective. First of all, you’re paying an upfront fee to lease the vehicle. I look at this as the customer is paying the interest amount on the vehicle’s loan amount. Now, for a specific period, you’re making the monthly payments plus any amount that they choose above that. So, after you’ve just bought the car for the leasing company, they say it’s time to take the vehicle back and charge you for any assessed damage plus any miles that you may have accumulated over the agreed amount. Now, the leasing company sells the used care at a premium price. You loose. JMHO

 

[larry_minn]

For most people leasing is a poor option. IF you use it for your business, you need “nice, newer car/truck/van” for the business. (Especially if you can’t afford to buy them)
yrs back I would have said leases are always a bad choice. But I have seen some cases where it did make sense to lease.
I still advise first time car buyers. Buy a 6 yr old, low mile estate car. That you can afford. Then in couple yrs you should have a decent down payment to buy a nicer unit.
There is a guy Tow Piglet who leases after driving his first truck into the ground. After repeated leases he bought another truck. (a Dodge of all things)
I’m looking forward to seeing how it stacks up to lease trucks. New truck every 6-10 months, as I understand the lease he has covered maintenance, tire wear. In his business model it looks to make sense.