Comments on: Is It Better to Lease or Buy a Car?

By: shameka

shameka — Thu, 15 Oct 2020 09:53:30 +0000

In reply to Jeff. Sorry but that was too funny:-)

By: JRATT

JRATT — Wed, 06 May 2020 07:07:02 +0000

I just leased a 2020 Ford Edge SEL for 36 months with $4,107 down, payments of $351.51 per month. Total paid during lease term = $16,409.85. Purchase at end of lease amount is $19,100 = $35,509.85, to own the car at 36 months. I will have the cash saved up at end of lease. MSRP $39,960 – $4,700 in discounts = $35,260 It only cost me $249.85 above purchase price to but the car using a lease. If I would of went for the zero percent loan for 72 months I would loose $3,000 in discounts and end up paying $ $38,260. $531.38 per month. Since I am planning on purchasing car at lease end, I am building equity in the car during lease and do not have to worry about going over the mileage limit.

By: Ron Blagg

Ron Blagg — Thu, 31 Oct 2019 21:34:15 +0000

You’ve missed a point about leasing which is important. You CAN own a leased car. At the end of the lease, you can purchase for the amount set by the lease. You may need to finance that amount of $$, but because of the depreciated value of the car, the financed amount payments would be considerably lower than if purchasing it from new. And, if purchasing it new, and you really don’t like the car, it will have depreciated a lot and you’ll still owe the full amount of the borrowed amount minus your payments. Leasing a car really has more benefits. Even mileage can be incorporated into the monthly lease payment so as to not require a large sum at the end of the lease for high mileage.

By: Joan Duff

Joan Duff — Wed, 31 Jul 2019 15:25:48 +0000

No one is talking about the senior citizens. People in their 70s, for example. Doesn’t it make more sense for them to lease rather than buy because they don’t know how long they will be able to drive. And they will be able to drive a new car which would give them more comfort (up to date seating) and safety features. If they find, due to health, they can no longer drive, they can terminate the lease. Otherwise, they have to find someone to drive them or try to sell it..

By: Harry Mimna

Harry Mimna — Fri, 14 Jun 2019 08:56:26 +0000

“The longer you drive it, the less it costs.” Needs to be mentioned, only for a limited time. The older the car gets, the more it will cost. So keeping it too long can cost you much more than buying a newer car.

By: Sandile Buthelezi

Sandile Buthelezi — Wed, 05 Jun 2019 16:29:52 +0000

Please assist i want to lease the car could you please advise on the process i need to follow and the pre requisite

Thanks

By: ariel santos

ariel santos — Mon, 18 Feb 2019 16:55:13 +0000

Thank you for reading this article..it helps for more ideas..

By: Ellen

Ellen — Thu, 31 Jan 2019 10:05:02 +0000

Car leasing companies like NCS Leasing that offer Lease Specials at affordable rates. These services are quite affordable and in-expensive.

By: Jeff Rose

Jeff Rose — Mon, 28 Jan 2019 23:03:49 +0000

In reply to James. Hi James - I might agree, at least in the short run. But long-term, you'll have no car to trade in at the end of the lease term. You'll be starting from zero. What's more, you'll never own the car outright.

By: James

James — Mon, 07 Jan 2019 08:36:24 +0000

I would personally state that car leasing is a great option, since it allows you to drive a luxury car which would otherwise be out of your price range, the monthly cost of maintenance is lower as compared to other forms of buying. Moreover, you can also avoid depreciation costs, and also have the option of exchanging the car for a brand new car after the leasing period is over.