Wednesday, February 25, 2009

Response (Buying vs Leasing)

I'm not exactly sure about this article. It made me realize how many choices I would/will have when I buy a new car. It told me that Leasing is cheaper for responsible people, but more expensive for...well, clumsy people. And I know that i would get that car scratched or stained or broken in some way, thereby causing me more greif than it would be worth. But buying is more expensive, and that would probably draw me in anyway. While most people's contract go only about 2-3 years, I wouldnt want to 'give back' a car i had spent so much time protecting.

Buying vs Leasing

Buy? Lease? Almost all people in the market for a new car ask these two questions. Each has it's pros, and it's cons. For instance, Leasing is less expensive, unless you scratch the paint. With buying, you don't have to worry about extra expenses for minor things such as this. When you lease a car, the security deposit hangs over your head like a cloud. Buyers have the added advantage of being fully paid off at one point, then being able to keep their car. But Leasers have to give back the car after a few years(depending on the contract).