Do you lease or buy?

[Cincy'sMom]

We bought (or are still buying) our van, however I am leasing my truck.

When I graduated from college in '99, I bought a '93 Ford Ranger. Two years later, we put a new engine in it. Then it was the water pump. Then it was.... you get the picture. I decided I didn't want to go through that again, that I would rather get brand new and have it under warranty. Leasing the truck was a good option for me at the time. The payment was better then buying, I am way under my limit on miles, and don't have to worry about expensive repairs.

I have 14 months lef ton my 36 month lease, and I am already trying to decide what to do. I love my truck, but I also love the idea of another brand new vechile. If I don't lease another, I will buy the truck I currently have. I know its history, I know it is low miles, and I can probablly afford used easier then buying new.

[Glacier]

I bought my truck. We looked at leasing but the mileage was fairly restrictive. The price if you were over the mileage at the end of the lease was insane. I have to drive alot. One trip to see my family is over 6000km. My weekly running to work and back is close to 400km.

[Edwina's Secretary]

I buy. Leasing is very popular here in SoCal.....explains all the Mercedes, MBW's, Lexus, Hummers, etc.

I spoke last week with a woman I worked with in Chicago. She leased (so she could drive a really hot car.... ) Her lease expired AND she lost her job. Now she has no wheels and no job to use on an application to either buy or lease.

My car is paid for. It will have 100,000 miles on it any day now. But at the end of my payments....I had something to show for it and something to get me around.

[PinkSunshine]

I buy as well. I've bought 2 cars thus far and am almost paid off on my third one (At the ripe young age of 24). Leasing isn't worth it IMO. Mileage sucks and in the end you have nothing to show for your 3 years of payments.... At least when my car is paid off (in 4 months) I can go trade it in and get $$$ back for it because I own it.....

[Roxyluvsme13]

I don't do either .
(sorry for being pointless!)

[lizbud]

I've always bought my cars. My kids used to lease cars just to try out
different models, but have also switched over to buying.

[Laura's Babies]

I have always thought renting anything was money down the drain. I would never lease a car and house payments are cheaper than rent. My car is 10 years old and it has been paid for, for the last 5 of those years. Due to how I work, there are only about 55,000 miles on it so I figure it should last me awhile. Since I have had it, I have had to buy 2 batteries and had to replace the tires about 3 times due to them dry rotting from sitting every other month.