No, it's not. The costs are merely distributed differently--and, in most cases, completely hidden from the gullible guy who WANTS to believe that it's "cheaper".[/QUOTE] Try again. <http://www.carspace.com/guides/Car-Buying-Tips-Lease-vs-Purchase-on-a-New-Car> http://www.infoplease.com/ipa/A0193143.html <http://consumerguideauto.howstuffworks.com/featured-auto-expert-advice3.htm> http://www.mymoney.gov/credit.shtml It can be better to lease than to buy. Usually, it isn't. For me, I would never lease, because I keep my cars longer than 4 years and I tend to put on too many miles. The bottom line is that when purchase or lease a car, you need to read and understand the fine print in the contract, understand what things are not in the contract (e.g., things that are in the leasing and finance laws), do comparison shopping and carefully compare the cost of leasing vs. buying a particular vehicle with the tools that are all over the internet, like in finance.yahoo.com. (You also should compare the price of buying the car and getting a higher rebate vs. buying the car with a lower rebate, but getting a low-interest rate loan.) And regardless of what you are doing, you really need to make sure you understand *all* the terms in the contract, run the numbers through calculators. you need to find all the rebates for which you are eligible, In other words, be an informed consumer. But, there are times when leasing is cheaper than buying, though rarely. Finally, I would add, if you already have a car, there are usually three transactions: 1) buying a new car, 2) financing the car (leasing is one way to finance the car), 3) selling the old car. Keep the three transactions separate, so you can understand what is happening and be able to use all your options (like bank or credit union financing rather than dealer financing, which can be more or less expensive). Otherwise, the car salesperson can really take advantage of you. Jeff
not sure why you guys have a bone to pick with leasing... A simple amortization table will show that as long as you get a good price on the vehicle, and a good interest rate, it is simply a longer term loan which allow for a lower payment and higher cash flow. Since I plan to keep the vehicle til the wheels run off of it, and that will probably be in 10-12 years or more, I don't see a problem here. If ownership is a big deal to you, then don't lease! If it was a Cobalt or a Caliber, things would be different because one only plans to keep one of these cars on the road for 4-6 years. t
It's not always about whether or not it's cheaper, which seems to be the hangup of the nym-monkey idiot here. It's often about other things such as how the vechicle is used, how much it's used, and the particular tax position of the individual.
It's not always about whether or not it's cheaper, which seems to be the hangup of the nym-monkey idiot here.[/QUOTE] No, it's whether or not you can achieve the same goals without frivolously giving your money to someone else.
Very un-American I say! A true patriot should have at least two sets of car payments! JT (Whose last car payment was in 1962...)
