pitfalls of leasing
#21
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Location: Canada, Quebec city
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I always buy my cars and I can tell you that depending on the brand, no body is a looser to resale its car after 3 years, if it’s well taken car of and well optioned. After all, you have the option of keeping it longer with what ever mileage with out having to deal with a financial service or a dealer. You decide what to do when you want. That is call liberty. Leasing has to do with budget or handcuff.
That is my 2 cents advice - LIBERTY pay cash. But that depends - of course - on your financial situation.
Last edited by kwikwi; 01-18-2010 at 10:03 AM.
#22
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For me, it's pretty simple. If you're not keeping the car for more than 3-4 years, keep it in pretty good shape, and can stay within the mileage limitations, leasing is a no brainer.
If you keep your cars 5 years or longer, don't take great care of them, and drive a ton of miles, then buy it.
I love the flexibility of leasing, and it avoids what I dread most about a new car purchase/lease: trade-in value of your former vehicle. Yes, you can sell it privately if you have the patience and find a willing buyer. But I bet most simply trade them in, and this is the one area a dealer really has you over the barrel.
If you keep your cars 5 years or longer, don't take great care of them, and drive a ton of miles, then buy it.
I love the flexibility of leasing, and it avoids what I dread most about a new car purchase/lease: trade-in value of your former vehicle. Yes, you can sell it privately if you have the patience and find a willing buyer. But I bet most simply trade them in, and this is the one area a dealer really has you over the barrel.
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