Dear Abby

Dear Abby

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Dear Abby Asked by Dear Abby
12/8/2020

Is it better to purchase or lease a car?

92%
Purchase WINNER

15

8%
Lease

2

92%
Purchase

15 Comments
LauraL
1
LauraL

You never own anything with leasing. I see others saying they couldn't afford a car payment, but with great credit, my husband and I just bought a 2018 Jeep for only 206 a month!

Reply
hale1730
0
hale1730

Care for it and enjoy many years without a car payment.

Reply
Blaine Derouen
0
Blaine Derouen

I prefer purchasing a vehicle. Mine is 11 years old. If you trade in every 2 or 3 years, then leasing is the way to go, as long as you keep the mileage low and keep it clean.

Reply
Wendy Welch
0
Wendy Welch

I just always have bought, not leased, a car.

Reply
Stephanie Sarnoff
0
Stephanie Sarnoff

We have never leased a car...but it depends upon one's circumstances.

Reply
Ba Doing
0
Ba Doing

We leased because Hubs had to have THIS car. Owed $7000 when we returned it. Made Hubs buy next car. Took 7 yrs to pay it off (lost my job had to refi it to lower pymt) 300000 miles & still going!

Reply
Fiorello Centanaro
0
Fiorello Centanaro

It's good for me, but if low mileage is involved, lease may be an option

Reply
L Leone
0
L Leone

You NEVER own anything when you simply lease! It's a total waste of money. Especially if you put on a load of miles you'd have to pay for at the end of the lease!

Reply
D May
0
D May

I buy my cars cash and used.

Reply
Vincent Lynch
0
Vincent Lynch

Leasing just puts another entity into the transaction, and that entity will want to make a profit too.

Reply
Lisa Dammarell
0
Lisa Dammarell

All the smart money experts say to purchase. I have done that, and agree that it's sound advice

Reply
Sue Bigsby
0
Sue Bigsby

Purchase and drive vehicle for at least 10 years. And better yet by pre-owned late model with low miles. You will save an enormous amount of money during your driving lifetime.

Reply
rover6rover
0
rover6rover

Buy and hold is the way to get value for your money. Turning over short term leases just gives your hard earned money away to dealerships.

Reply
Carl Evans
0
Carl Evans

When you sell the car, you usually have equity to use as a down payment on the next car.

Reply
Linda Jeffcoat Amick
0
Linda Jeffcoat Amick

No hidden fees, no interest, paid for. Simple.

Reply

8%
Lease

2 Comments
Izzie McMurphy
0
Izzie McMurphy

I'm on disability. I could NEVER afford a full car payment. I find awesome deals every 3 yrs so I always have a good car to get me to Dr appointments that are hour plus ride. It works for me.

Reply
Sabina Weckstein
0
Sabina Weckstein

In the past I would have said buying. But now I only work about 1 mile from my house, so it would be much better for me to lease. I know that the payment would be less as well.

Reply
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