Do you lease or buy?

[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.

[Logan]

I am certain that you and Wade already know the answer to this question, Pam, but I had to throw in my vote. BUY and if you can keep from financing anything, that is the way to go!!!

I leased once, but it was a mistake. I was putting so many miles on the car, I ended up buying another one so I could park the leased one!

Logan

[Edwina's Secretary]

On this theme....I am very excited. Today my odometer will turn over to 100,000 (it is at 99,997 right now.) I have never kept a car that long!

[Pam]

I am really so surprised at the way the poll is going in this thread. At work I feel like the odd man out, being the only one who doesn't lease. Here I feel like *one of the gang* for the most part.

[cyber-sibes]

i've done both. When it got too expensive to fix my old van, I rented a van for three years. I got in during a special and it was MUCH cheaper than buying, and the maintenance was covered. It actually worked out pretty well for my situation. When the lease was up, I bought a great used vehicle & got many years of service, then gave it to my son. I'm buying another used vehicle now, I don't like how high my payments are, but I like my car.