Hi. My name is Daniel I'm a car sales man in the Auto Mall, i really think its better to lease if you like to change cars every 2-3 years and get into new ones.
BUT i would also have to say buy, if your looking to own the vehicle for a long time...
beware---- if your credit doesn't allow you to lease.
a loan will not be such a bad decision, however you could always trade out in 2 years for a new car....
IMO, it is better to buy a 1 or 2 year old used car with low mileage. Get a certified used car if possible. Some Certified used cars have a better warranty than a new car. Let someone else eat the depreciation, not you. I would never, ever, lease a vehicle.
Buy the 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.
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.
Never ever lease. Leasing is a horrible deal. Buy a one year old Certified Used car. You save money and get a better warranty than a new vehicle.Never ever lease. Leasing is a horrible deal. Buy a one year old Certified Used car. You save money and get a better warranty than a new vehicle.
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.
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.
Yes, miles do matter on a lease if you plan to buy the car at the end of the lease term. The number of miles driven can affect the car's value and potential resale value, which can impact the overall cost of buying the car at the end of the lease.
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.
That depends entirely on your situation.
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.
The choice of either leasing or buying a car depends on the original price of the car; depending on the price, either leasing or buying can be the better option. However, buying a car is usually cheaper than leasing it.
When using a lease vs buy car calculator in Excel, consider factors such as the total cost of the lease or purchase, the length of the lease or loan term, the interest rate, the residual value of the car at the end of the lease, and any additional fees or charges. Compare the total costs of leasing and buying over the same period to determine which option is more cost-effective in the long run.