0
It really depends on your situation. Leasing a car is great if you're thinking about buying a particular car and want to try it out for a couple years. You can get comfortable with the car, and you'll know for sure whether or not it's the right one for you. For information on car lease deals, check out http://www.wheelstolease.com.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoYou have another option when getting a new car. You could look into purchasing a car from a government auction. Generally, the cars up for bid are in very good shape since they are either seized or surplus. I have used GovernmentAuctions.org in the past and have actually attended several live auctions. Within the last two years I have made at least 3 purchases at auctions. I must confess; I got the cars cheaper that I would have at a dealer. Plus, they run great.
http://governmentauctions.org
Add your answer:
Earn +20 pts
Is it better to lease or purchase a car?
Buy the car
Can you buy a car and turn around and lease it?
you can for a private seller but if you buy multiple car's and lease them it would be illegal unless you have a dealer license.
Is it cheaper to lease a car rather than buy a car?
No. Leasing is for suckers. A lease is no more than renting a vehicle with nothing to show for it at the end. Stay away from a lease. Buy what you can afford, and forget the lease.
Is it more cost effective to lease or buy a new car?
It is more effective to buy. If you lease, then you will be paying for the car for a number of years, but will be obligated to either buy the car or get a new one, but all money paid into the lease will be lost. When buying, you have documented ownership.
Buy or Lease?
Buy or Lease? Should you lease or buy your car? Use this calculator to find out! We calculate your monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.
Is it best to lease or buy a car?
That depends entirely on your situation.
What is meant by a balloon payment on a lease car?
A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.
Can you lease a car with already having a current car loan?
That would depend on the credit worthness of the person wanting to lease. It is a separate transaction just as if you wanted to buy a second car.
Can you purchase someones car when there lease is over?
No a lease is just a long term rental, it is owned by co he got it from but you can buy from them sometimes
What is a car lease?
A car lease can be thought of as a long-term car rental. If you choose to lease rather than buy, you will not own the car. You will simply be leasing it for a predetermined period of time. When you lease a car, you are not leasing it from the car dealer itself. You instead lease it from a leasing company, who in effect buys the car and rents it to you in exchange for your monthly payments. This leasing company can be the financial arm of large automakers (such as GM Finance or BMW Finance) or may be an independent leasing company of the dealer's choice. The dealer generally acts as an agent on behalf of the leasing company in negotiating the terms of the car lease. The most common type of car lease is called a "Closed End Lease". In this type of lease, you and the dealer agree on the length of time and interest rate at which you will lease the car, and also on the final value of the car at the end of lease (called the "residual value" of the car). When your lease is over, you can either turn your keys in or you can exercise the option to buy the car at the pre-agreed residual value. It should be worth noting, that an open-ended lease is practically unheard of these days. Any legitimate car dealer should be offering a closed-end lease.
How do you lease a car?
You go to a dealership, just like if you were going to buy one... then you tell them that you want to do a lease deal instead. You can also arrange a lease or a purchase online now.
Is it a better deal to lease or buy a car?
Usually buying a car outright is a better deal if you can pay upfront without a loan. If you do need a loan, then depending on the deal you get for the loan vs. the lease it can be a better deal to lease, but not usually.
