Lease or Buy a Car
• 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
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 .
• 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.