Lease or Buy a Car

United States
February 2, 2007 4:50pm CST
Do you prefer to lease your car or buy it and why do you prefer one over the other?
1 person likes this
5 responses
• United States
12 Feb 07
I have tried both many times. Leasing is far more expensive in the long run, and you just threw out all your money and have nothing to show for it at the end of the lease. So, I prefer to purchase my own car and own it. Blessings, M&M
1 person likes this
• United States
13 Feb 07
Bless your heart, thanks again for the best response.
@jmcafam (2891)
• United States
5 Feb 07
I would rather buy cause it would be yours and not the dealerships car.You would be able to do as you like with it. Like modify it if you wanted to.
1 person likes this
• United States
6 Feb 07
Thanks for your response.
• Canada
2 Feb 07
I would prefer to buy because then it is mine and I don't have to worry about paying more if I put to many miles on my vechile . This is all on if I ever had the money to get a new vechile . We have always had second hand vechiles as we can't afford a new one , but it doesn't bother me , as long as I can get from point A to point B without any troubles then I am happy .
1 person likes this
• United States
4 Feb 07
I agree that the main purpose of a car is to get you around.
• United States
3 Feb 07
I have never leased a car because I feel like I would be throwing my money away. If I paid that much for something I want to be paying to own it eventually. That is why I would hate to have to pay rent too.
• United States
4 Feb 07
I have always bought cars whether new or used for the same reason.
@coffeechat (1961)
• New Zealand
3 Feb 07
Leasing is more expensive than buying - because you give a return on investment to the leasing company. But, this decision depends on two things. 1. Your income level 2. Treatment of your income for tax purposes. If you are a self-employed person, business person or a company owner it makes sense to lease the car. Then all the car expenses can be written off. Whereas the tax authorities only allow you to write down in a straight line depreciation. Watch out for the fringe benefits tax though! If your income level is sufficiently high as an employed person, and you rack up a few miles each year, it makes sense to lease a car, so that all the depreciation and maintenance cost is carried by the leasing company and you change your car every couple of years or a few thousand kilometers (whichever comes first.
• United States
4 Feb 07
Thanks for the pros and cons but the question is: Would YOU lease or buy a car.