|
|
How do I make a decision?
Home » Automobiles » Should I Buy or Lease a Car » How do I make a decision?Whether you buy or lease really depends on what's most important to you. All of us have different lifestyles and priorities in life -- and in cars and finances. Car leasing and buying decisions must be made with those lifestyle and priority attributes in mind. What's right for one person can be totally wrong for another.
If you enjoy driving a new car every two or three years, want lower monthly payments, like having a car that has the latest safety features and is always under warranty, don't like trading and selling used cars, don't care about ownership, drive an average number of miles, properly maintain your cars, and are willing to pay more over the long haul to get these benefits, then you should lease.
If you don't mind higher monthly payments, prefer to build up some trade-in or future sales value, like the idea of ownership, like paying off your loan to be payment-free for a while, don't mind the unexpected cost of repairs after the warranty has expired, drive more than average miles, prefer to drive your cars for years to spread out the cost, like to customize your cars, and don't like the risk of lease-end costs -- then you should buy.
Sources:
http://www.leaseguide.com/lease03.htm
http://www.cars.com/go/advice/Story.jsp?section=lease&subject=buy_lease&story=buyLease
http://magazines.ivillage.com/goodhousekeeping/consumer/cars/articles/0,,284541_290034-2,00.html
Related Should I Buy or Lease a Car Articles
- Is it better to buy or lease?
- What's the difference between buying and leasing?
- What's the difference between lease payments and loan payments?
- What are the benefits of leasing?
- What are the benefits to buying?
- How do I make a decision?