(Closed) NWR: Lease or Buy

posted 7 years ago in The Lounge
Post # 32
5399 posts
Bee Keeper

@Treejewel19:  ugh what a poor choice! Maybe you can get through to him with that new info!

Post # 33
3625 posts
Sugar bee
  • Wedding: June 2012

We do a lot of driving/commuting, so we have always bought rather than lease (the extra fees for going over the alloted amount of miles can get quite steep!). It helps to buy a car that has a good resale value, which has been the case for our former/current cars. If you didn’t plan to drive it all that much and you get bored of cars quickly, then leasing can be a good option. If you own your own business, leasing can also be a good option as the business can pay the lease as a business expense.

The cars you are looking at are quite pricey, especially the maintenance. With this in mind, if you can stay within the alloted miles, it might be a smart idea to just lease because your mechanical issues will be very pricey once your warranty is done. We had a friend with a transmission issue on her MBZ (one of the higher end ones) and after parts/labor, she spent $8k in one sitting just for that one issue as her warranty had just expired.

Post # 35
8470 posts
Bumble Beekeeper
  • Wedding: July 2012

I don’t think I’d ever lease again, although I like the thought of having that option to buy or give it back. When my lease was up, Mitsubishi tells me I have TEN days to come up with the 10k I’d have to pay to keep it. I was like r u kidding. I didn’t pay close attention I guess during the whole leasing process, and luckily mom lent me half and I just payed her monthly as I did Mitsubishi. 

So I say buy. 

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