Car leasing vs. car buying is an increasingly common situation most people have to deal with when trying to get a new car. Despite what you might have heard, buying isn’t inherently superior to leasing and leasing is not the work of the devil. Well, not all the time.
What makes the real difference when looking at car leasing vs. car buying is you. People have different needs and different styles. This means that the decision you make has to be right for you. There are situations when leasing might be the right option and the one that saves you money in the long run.
Generally speaking, if you’re leasing because it’s the only way you can afford a car, you’re leasing for the wrong reason. While leasing can easily allow you to drive a lot more car, than you could afford to buy, this is only a stop gap measure. The only time this makes sense is if you’re going to be getting a big pay raise in the intervening time, in which case it might make sense.
On the other side of the leasing vs. buying equation, if you are cash rich, credit poor and would like to drive a luxury car; then leasing might be an option to pursue. Especially if you know most banks won’t loan you more than thirty grand or so.
One of the best reasons to lease a car is if you’re a person who likes to get a new car every few years and you don’t want to bother with maintenance; then a lease could be a good idea. In this situation, you’re essentially using the lease to rent the car, while it’s in its prime, and getting rid of it when it starts to get old. To take advantage of this, you need to turn the car in at the end.
If, on the other hand, you want to eventually own a car, you should look towards buying the car straight from the get go. When you’re looking to get a car for the long term, then you absolutely need to be buying. In this case, car leasing vs. car buying isn’t even a contest. Leasing a car that you want long term, will only cost you more money in the long term.
One thing you need to consider before leasing is how you’re going to be using your car. If you’re planning on running it like you stole it or putting a ton of miles on your car, a lease is a bad idea. You will get charged for all the extra wear and tear at the end and this can end up being a huge cost. So if you have a long commute through bad neighborhoods, you should probably look into buying your own car.
So when it comes to car leasing vs. car buying, the winner is going to be the choice that fit’s into your life. If you don’t mind making payments forever, leasing new cars every few years can be a good choice. But if you want maximum freedom and the hope of not paying, year after year for a car, then you should definitely buy.
By: Shane Smith. If you are looking for landscape or backyard lights then check out: http://makevoltz.com
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