Do you lease or buy?

[chrangharris]

We buy and only what we can afford with cash! We have two cars both totally paid for. We have a nest egg going for our next car- which will also be with cash

[Rachel]

We buy and only what we can afford with cash! We have two cars both totally paid for. We have a nest egg going for our next car- which will also be with cash

I just have to give you an *Atta Girl* for that.


Pam, in addition to the reasons others have already stated, the thought of reading and deciphering a *lease agreement* is enough to nix that idea. For me buying is the only way to go.

[Aspen and Misty]

We buy and only what we can afford with cash! We have two cars both totally paid for. We have a nest egg going for our next car- which will also be with cash

The same goes for our family. We bought one care with a loan and never again. Our second car was payed for in cash and we are currently buying our third car and it to will be paid with in cash.

Ashley

[zippy-kat]

Buy.

The first two were actually bought for me (#1 a clunker, #2 a HS Grad gift). The third was sort of a half-and-half deal, dad bought it to replace #2 and also as an early college graduation gift but I had to take over payments upon graduation/FT employment. Last year, I bought #4 and I couldn't be happier with it! I traded up 4 years and only increased my payments by about $30.

[smokey the elder]

I drive almost 400 miles (640 or so km) per week, so I'd get burned by the mileage. I'm in the buy new or lightly used, drive it until it falls apart (well over 100 k miles) school.

[Maya & Inka's mommy]

I voted "buy", but in fact it is both.

My car: we bought it new, 6 years ago now.
My hubby's car: is leased by the firm where he works. He gets a new one every 4 years.

[captain]

I Voted "lease" - for my car.

Here is Australia, you can Salary Sacrifice on your salary PRE-TAX if you lease a vehicle, plus I do huge mileage everyday, so I took out a lease that allows that.

My lease is up next year, and I have elected a lump sum payment at the end - which is so small, that I know if I wanted to sell it, I would make almost triple what I paid.

Plus, it has been great for me with Tyres, Petrol (what, with the price going up here all the time, and all the incidentals)

However, all previous cars, and my husbands business cars have been bought.

I can see the benefits from both sides

[pnance]

I voted buy. Mileage alone would kill me, I dirve 80 miles a day just to work, besides I'd rather have something to show for the money I've paid at when I'm done. My mom has leased her last couple of cars and 8 year later, she's still paying the last one off, since she decided on a lump sum payment to buy it after the lease ran out.