Leasing to buy a car - Good or bad idea? : r/personalfinance - Reddit

It's a complex question. Typically people say it's cheaper to buy a USED car than leasing a new one. However, there are repair costs and, in my case, the repair costs were about the same …

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FAQs about Leasing to buy a car - Good or bad idea? : r/personalfinance - Reddit Coupon?

Should I buy or lease a car?

Leasing may be for you if: Now, leasing isn't for everyone and buying is a fine decision. Hell, I actually bought my car (only because they don't lease well). Now, not all cars lease well, and that makes leasing less appealing than buying. That is fine. You really need to do your research before you step into a dealer. ...

What is the difference between buying and leasing a car?

Below are some of the major differences between buying and leasing. You own the vehicle and get to keep it as long as you want it. You don’t own the vehicle. You get to use it but must return it at the end of the lease unless you decide to buy it. They include the cash price or a down payment, taxes, registration, and other fees. ...

Do all cars lease well?

Now, not all cars lease well, and that makes leasing less appealing than buying. That is fine. You really need to do your research before you step into a dealer. For example, most (if not all) Honda's don't lease well. Most Kia's and Chevy's do lease well. Mercedes sedan's (non amg) lease well. ...

Should you buy out a used car after a lease?

The buyout option at the end of a car lease can be an attractive opportunity or a tool for damage control. What is a lease buyout? Essentially, you are buying a used car you know and like, at a price set by the leasing company at the beginning of your contract. If you’re anticipating extra fees and penalties, buying the car can cut your losses. ...

Should you lease a luxury car?

Automakers often discount the cost of leasing a luxury car to attract new buyers to a brand. It can bring the monthly payment in line with what it would cost to finance a less-pricey vehicle, Libby says. But be aware that specific options and trims aren’t always available on a discounted lease deal. You want a car with the latest features. ...

Is a lease better than a car loan?

A lease may come with lower monthly payments than an auto loan, but you'll only be able to keep your car for a few years—and you'll typically also face mileage restrictions. With a lease, however, you will always experience a relatively new vehicle every time you renew. The leasing firm's asking price is obviously a key factor. ...