Lease a new car or finance it? What are the benefits of both and which would you prefer?

So I am buying my first new car and I automatically was going to do a sixty month finance but a friend recommended that I lease it instead.What do you think? I always thought leasing was kind of a waste of money because when the lease runs out you have to give the car back...or do you? Are there buy out options?

Lease a new car or finance it? What are the benefits of both and which would you prefer?

There is a good side and bad side buying any new car whether you lease or fin, leasing is good if you would like to turn your car back in and get a new one in a couple of years, bad side you have to look out for mileage and keep the car in great condition, because if you dont you have to pay for damages, extra mileage, etc. The advantage of financing, is it builds credit faster, it allows you freedom with YOUR vehicle and creates a sense of freedom and accomplishment you would not have if you lease. Bottom line financing is always better if you want to keep your vehicle for a while. Drop me a line and let me know how it goes.

Lease a new car or finance it? What are the benefits of both and which would you prefer?

When you buy a car, it loses a great deal of value when you drive it off the lot. Let someone else absorb that loss for the privilege of the neew car smell

Buy a good used car, and bank the savings.

Lease a new car or finance it? What are the benefits of both and which would you prefer?

Don%26#039;t buy a car brand new. You can get a really new car that is used and it will save you some money. The way I see it financing a car is like buying a house but leasing one is like renting a house. If you finance, eventually it will be yours.