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In response to
"Do you own or lease your car? Advantages and disadvantages of each?"
by
Mop
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We own one and lease another.
Posted by
Volnelk
Dec 24 '18, 10:54
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The difference is basically like owning a house and renting an apartment.
In leasing, you get a nicer car for a lower payment than it would be if you owned it. The downside is when the lease is up, you aren’t left with anything. So most people just roll one lease right into the next.
If you own, you pay more, but your money is actually going toward something.
Basically, if you are the kind of person that wants something new every three years, lease. One of the nice side effects is that leases can be 100% covered. So you never have to worry about issues from major problems down to oil changes. If you own it, you are kind of on your own.
If you are a ‘long haul’ person, then buy it. Eventually you are left with an asset of value that you can use on your next purchase.
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