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Originally Posted by usher93
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Originally Posted by jacobsed
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Originally Posted by dreamingat30fps
I've done both a few times and have learned I like neither. The only way I will PERSONALLY buy a car now days is used with cash.
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This!!
Btw, I was being totally sarcastic in my earlier threads. Leasing is the most expensive form of financing. I'm of the opinion that if you can't afford to pay cash for a car then you really shouldn't buy it. |
Paying cash up front is a great option if you can but let's face it how many people have that kind of coin. The auto industry would not be functioning if people waited to buy cars with cash only. And your car would be three times as much due to supply and demand
To answer the lease vs buy. I've done both and really the rates are not that different. The nice thing about a lease though is that If you have lemon or your car has been through an accident or two you don't have to be stuck with it. |
You'll never convince me that carrying debt on a throw away item is an ok thing to do for personal finance.