Is leasing a very cheap car a bad idea still? : personalfinance

Auto Is leasing a very cheap car a bad idea still? ... the majority of people are bad at personal finance and/or spend a significant amount of their income to remain in perpetual debt for transportation. ... I stick with Hondas because they hold their value very well. Basically you …

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Explain To Me Why Leasing A Car Is Typically Seen As Bad, And

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Or I could lease a car ($200-400 per month payment depending on the car, no maintenance cost besides tires which any car would have). As a bonus for leasing, I could take the amount that I …

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Why Is Leasing Considered A Bad Idea? : R/personalfinance - Reddit

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All of your calculations are based on assuming that the choice is between a $300 lease for a fancy car and a $300 payment for a cheap car. If that's the choice, then of course you're better off …

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Leasing To Buy A Car - Good Or Bad Idea? : R/personalfinance - Reddit

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Sure, mathematically speaking, you spend less by owning a car but only if you drive it into the ground with a few large ($1k+) costs but you're still getting a lower-end car and after those 5, …

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My Experience With Leasing, And Why It Is A Bad Idea

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I leased my car because I was naive and it seemed like a good idea at the time. The car I leased was a $24,000 vehicle, and I was able to lease it at $300/month with the option to purchase it …

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Is leasing a car better than buying?

‘Lease offers are horrible.’ Average payments are up 384%, but here are 7 reasons leasing a car can be better than buying. With the cost of vehicles rising and incentives disappearing, is leasing still a smart way to finance a car? Here's a look at when leasing still makes sense. Interest rates on car leases are “over the moon,” says one expert. ...

Is a car lease a good idea?

Leasing really means going into debt, and if according to the contract the car is expected to be worth a lot at the end of the lease, then the payment can be low, but only in that situation is it a good idea, as far as i know. But keep in mind that a lease is risky. Or look for low or ultra low milage lease. Better rate. ...

Should you buy or lease a car?

For most people, the only benefit of leasing is driving a bright and shiny new car. With a lease, you'll never be able to truly own your car, so your payments may not ever pay off. Here are more of the advantages of buying over leasing. We make choices every day based on personal preference: coffee versus tea, boxers versus briefs, etc. ...

What are the disadvantages of leasing a car?

The main disadvantage of leasing a car is that you never own it. You don’t build equity in the vehicle as you make lease payments. Lease terms can be anywhere from two to five years. A lease can be ended early, though early termination typically involves a cancellation fee. ...

How much does a car lease cost?

Same car, but instead of leasing for 72 months you lock into a 36-month lease. This requires a security deposit of $300 and a monthly payment of $250. For the three years of your lease, you’ll spend $3,550 on your car annually. ...

What happens if you lease a new car?

When a lease is up, you can return it and get your next new car. By leasing, you also get the latest advances in car technology every few years. Many new cars offer a warranty that lasts at least three years. So, when you take out a three-year lease, most of the repairs may be covered. ...