Buy or Lease your next car?

16,685

Asked by Aug 08, 2015 at 03:03 AM about the 2015 Subaru Outback 2.5i Limited

Question type: General

If you plan on spending $400 per month on a new car,  would you rather lease or
purchase the vehicle?

2 Answers

95,035

I have always purchased, but there are people that like the latest technology and updated styling, so leasing would be their best option.

1 out of 1 people think this is helpful.
16,685

We leased our 2009 Toyota Prius for the first 3 years, then purchased it 2 1/2 years into the lease. Leasing is like purchasing 3 /5 of the car. It's also about paying for the depreciation up front. Generally speaking, people lease a higher priced car they couldn't ordinarily afford to buy. I do agree with you that it's better to purchase and hold onto a car for a while with no car payments to get the best return on investment. If you purchase a good car and maintain it properly, you should be able to drive it to 150,000 and 200,000 miles. There's going to be repairs, but, the actual cost of repairs will never rival the cost of car payments and your costs per mile driven will be justified. At least that's my experience.

1 out of 1 people think this is helpful.

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