(Closed) NWR: Leasing a Car

posted 8 years ago in The Lounge
Post # 17
Member
3048 posts
Sugar bee
  • Wedding: January 1991

@pinkandsparkly: Many car dealerships want you to lease. They make more money that way. IMO I would save up until you have enough of a down payment to own your car and make car payments. Or you could just save up enough to buy the whole thing cash. Since your Corolla isn’t about to die, I bet you would have plenty of time to save up and not give them more money than necessary. Again, this is just my opinion 🙂

Post # 18
Member
3519 posts
Sugar bee
  • Wedding: March 2012

I’ve done both, and I prefer to buy.  I leased a Honda Accord for 4 years and ended up going WAY over my mileage.  When it came time to turn it in, I owed a chunk for overages.

After that, I’ve only bought used cars.  In 2003, I bought a 2000 Mitsubishi Montero and it lasted me 8 years (not bad for $10K).  This year, when the AC broke, I got a used 2009 Dodge Journey for $13K, 60 months financing (nothing down).  It had very low mileage and was a fleet vehicle for a construction company.  I have a couple of years left on the warranty too!

We’re keeping the Montero as an emergency car–only the AC is broken and you never know when you’ll need an extra vehicle!

Post # 20
Member
9028 posts
Buzzing Beekeeper
  • Wedding: June 2011

I prefer to buy a certified pre-owned, they look just like new and have very low miles but you save quite a bit.  When you have a financed or leased car you do have to pay for comprehensive insurance so its more than you might usually pay. I prefer buying it because eventually it becomes yours whereas if you lease it, at the end of your term you have to give it back.

By the way I owned a honda accord and loved it!!

Post # 22
Member
2792 posts
Sugar bee
  • Wedding: May 2011

@pinkandsparkly: Best of luck! Yeah, I’m seriously pro-lease! Hope you find something that is exactly what you need!

The topic ‘NWR: Leasing a Car’ is closed to new replies.

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