Whats the difference between BUYING and LEASE a car???

[hmgROCK]

I never lease before
What happen when you reach your 2 or 3 years

Do you get to keep the car??? For free???

[hmgROCK]

Why you have to $3k down on a lease if it just renting

HERTZ

you just do a deposit

[ProudLao]

Once your leasing contract is over, you have two option. You can return the car or you can buy the car and payoff the difference or take a loan out on it.

[hmgROCK]

Once your leasing contract is over, you have two option. You can return the car or you can buy the car and payoff the difference or take a loan out on it.

How much is the difference?

If its

$18k total buy
and
$18k total leash than buy

They both the same price

[ProudLao]

Leasing goes by number of years. Typically 3-5 years. The reason some prefer leasing is because there’s no down payment required and monthly payments are low. So, if you’re leasing a 18K car, and your payment is $200 a month. And you’re only leasing for three years, your balance for payoff would be $10,800.

[Reporter]

Many people prefer leasing because in 2 to 3 years, those who have bought their cars usually want to buy new ones anyway.

[ProudLao]

Many people prefer leasing because in 2 to 3 years, those who have bought their cars usually want to buy new ones anyway.

Yup, majority of drivers wants something new every three years per survey I read a few years ago.

I never leased,  prefer to buy and keep for a long time if it’s over $5000.

[ProudLao]

I used to buy older Honda models and exchange it every few years lol

[DuMa]

Leasing is a game that is well played by those who knows and if it fits your lifestyle.

You like fancy?  Go the leasing route.  60K car lease and keep it under 10k a year mileage to avoid penalty and in 3 years, the dealer will call you to see if you want go with a newer model.  Like my friend who is a fan of the merz sl500, he goes the leasing route.  He looks rich but the guy is not rich at all.  He just knows how to play rich.  After 3 years, why would you want to be seen in an older model car?  He gets himself another sl500 and go on another 3 years worth of leasing.  In this way, he doesn't have to worry about the car breaking down on him and big bills to fix it.  He doesn't need to own a car cuz the selling to find a buyer sux donkey balls. 

Dealer takes your 3 years old car and sell it back on his lot as used. 

[Reporter]

Me, too. I like to keep my cars.

Yup, majority of drivers wants something new every three years per survey I read a few years ago.

I never leased,  prefer to buy and keep for a long time if it’s over $5000.

[hmgROCK]

how much after the 3 year? if you decided to keep it?

[DuMa]

how much after the 3 year? if you decided to keep it?

For you, you need to buys a piece of chit car.

After the 3rd year, you can buy the car at the market value pricing.  So get yourself a car that will lose the most value. 

Or you can buy theking taco   

[hmgROCK]

Lol. Dayme

They always get their money at the end