Pros and Cons of Leasing a Car -
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post #1 of 2 Old 07-23-2019, 02:48 PM Thread Starter
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Pros and Cons of Leasing a Car

Leasing can be a convenient choice for some and here are some of the pros and cons of this option.

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post #2 of 2 Old 08-08-2019, 01:48 PM
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Leasing can be a convenient choice for some and here are some of the pros and cons of this option.

You won't come out ahead leasing but if you change out vehicles every 3 years of so you can come out less behind leasing compared to purchasing.

If you like a new car every few years leasing can be a good option on the right vehicle. When you shop for a lease you shop forthe good deal, not the vehicle. You can't really be brand loyal.

I leased 2019 Camay for a family car. Every few years I change out my family car. The last family car was an Acadia. I bought it. I paid all the tax and finance on an entire car that I had no intention on keeping. With leasing you pay tax and finance only on the mount you lease.

When you lease you pay for a portion. I will have the Camay for 3 years. It is a 34k (MSRP) car, I will pay about 17 total for the car to use for three years. I will be able to buy it out for about 17K. I have no intention to buy it. Dealer trade in will be about 16-17k if history of Camay resale value stays true. I will probably have a $1500 mileage penalty at the end of the lease if I turn it in. I may be close to trade in value at the end of my lease.

You have to lease the right vehicle. It has to have a high residual (resale value).

You can negotiate a lease just like you can a purchase. Some vehicles have good incentives even for leasing.

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