I am looking to get my own car, but now i am confused. Should i go with leasing the car or buying the car. I know the basic difference between leasing & buying.
With lease i have to have full-insurance, anybody have idea what a typical insurance for leased car?
Layman terms only please !
Re: Lease VS Buy
What cars are we talking about here? Corolla? F350? Bentley? That will make a difference given how cars depreciate in value and how much will keeping a car long term will cost.
Not bently 
Cadillac & Acura will be fine !
Re: Lease VS Buy
Are you paying cash if you buy the car?
The biggest problem I have with leasing is that even after paying monthly for 3-4 years, at the end of the term you have to either buy the car, or give it back. That means, you start all over again with another car. Maybe if it was a really expensive car, one can justify it by saying that maintainence will soon get really expensive.
Re: Lease VS Buy
Cash is very valuable these days and there are incentives left right and center, especially for the Cadillac.
Incentives for lease or financing are still there but they're less impressive.
Re: Lease VS Buy
If i were you i would lease it only if it's an expensive car.
I am looking to get my own car, but now i am confused. Should i go with leasing the car or buying the car. I know the basic difference between leasing & buying.
With lease i have to have full-insurance, anybody have idea what a typical insurance for leased car?
Layman terms only please !
If you have "comfortable" income, leasing can be a good option only because after the lease is over you always have an option to "change" the car, or buy the same car - meaning pay the remaining balance off... BUT you will have to have full insurance through out.
If you do not have "comfortable" income, buying is the best option. You have to pay full insurance until the car is paid off. Then all you have to worry about is maintenance.
Personally, we chose to buy when we were contemplating lease/buy. We are glad we did.
If you have "comfortable" income, leasing can be a good option only because after the lease is over you always have an option to "change" the car, or buy the same car - meaning pay the remaining balance off... BUT you will have to have full insurance through out.
If you do not have "comfortable" income, buying is the best option. You have to pay full insurance until the car is paid off. Then all you have to worry about is maintenance.
Personally, we chose to buy when we were contemplating lease/buy. We are glad we did.
I am going after you........
Re: Lease VS Buy
with interest rates so low. .. . .go for lease if u r arite paying interest(sood)