what is better to do..buy or lease a new car?


Asked by Dec 22, 2011 at 03:01 PM

Question type: Shopping & Pricing

3 Answers


buy in the long run...lease you will lose in the long run. short run maybe leasing is a better option but really you might be better off buying used 1-3 year old car

1 people found this helpful.

Well when you have to pay personal property tax on a lease why noy just purchase the car.It all works out depreciation and the lease!I like to own the vehicle that I drive,JMO!


That depends on your needs. If you drive a lot and/or like to get a new car every 3 years or so, it's perfect and saves people tons of money over their lives. Leasing typically can save you about $150 a month in payment, so if you buy and then trade it in in 3 years, and get the payoff amount for trade in (hopefully), you're out $150 a month times the lease term because you decided to own. Nothing is yours until it's paid off and most people who buy and trade every 3 years, are not in my opinion savvy consumers. Leasing also mitigates your risk of depreciation loss, and you always have a buy-out option and can compare than the current used car prices to see if buying your lease is a good thing, if you love the car and then want to keep it.

Your Answer:

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing


Shopping & Pricing Experts

  • #1
    Tom Demyan
  • #2
  • #3
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.