Do you lease or buy?

[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.

[Lady's Human]

With leasing, much depends on your intentions at the end of the lease and how the figures work out. We leased my wife's last car, and the effective interest rate at the end of the lease (after lease buyout, not before) was something like 4 1/4%, which was a better finance rate than we could have gotten at the time.

[Jessika]

Oops. Voted lease but meant buy!

Well, we got a loan from the bank for a used car anyway, but when its done its OURS, 100%.

[Lizzie]

I bought a new car through my credit union and a year later took out a home equity loan with the same bank, paying off the car loan. So the car was all mine only a year after starting to make payments, the amount I still owed on the car became tax deductible and the car is equity. I think you would have to shop around very carefully and do a lot of of research to lease a car in a way that was more financially sound than buying one.

[moosmom]

I buy only because I keep my cars until they don't run anymore. (anywhere from 6-10 years). Besides, I was told that leasing is good for people who don't drive alot.

[lute]

buy. i bought my car at a yard sale of all places for $3,000. it's a silver '93 Lincoln Contnental. it's a nice forst car, but definatly want to sell it and buy a pick up truck or something i can keep more than one dog crate in.