Should I buy or Lease a vehicle if I drive 25,000 miles a year?

Question

Should I buy or Lease a vehicle if I drive 25,000 miles a year?

Answer 1

you should almost always buy if you care anything about having money.



leasing is really stupid - basically you're renting the car and are left with no property at the end of the term. however it's not as stupid as buying a new car and then selling it after a few years. so, if you're going to churn thru new cars every 2-3 years, then lease. otherwise you should buy. and buy used, at that.

Answer 2

You should only ever lease a vehicle if you drive 12,000 miles a year or less. Sometimes a dealer will set you up with a 15,000 mile a year allowance if you pay extra. But you never want to be paying for any mileage above the lease allowance. This will cost you thousands when you go to turn in your lease. Either buy a new one and take good care of it, or buy a one or two year old vehicle that has already had the big depreciation hit.

Answer 3

Buy, you cant sell your car at the end of a lease, if you want it, you have to buy the car you were making payments on, Its cheaper to buy in the long run. You only need to lease a car if you must have a car that costs more than you can afford. Salesmen may recommend you lease, but thats because a lease payment is lower than a loan payment, so the customer can make believe he owns a car he cant afford. If you do lease, disconnect the speedometer cable, so you wont be charged for extra miles. Learn how to use the tachometer as a substitute speedometer 1st.

Answer 4

You should lease a vehicle if you are self-employed. Otherwise, the vehicle cost is not deductible and you should buy a vehicle.

Answer 5

it depends on the lease. most have a milage limit on them and you have to pay more for the extra milage. if this is the case then you are probably better off buying a car. but dont buy new the depriciation and the milage gain will kill your investment.

Answer 6

You'll go way over on mileage and pay a large fee at the end. I'd recommend buying something cheap and reliable.

Answer 7

cheaper to buy

Answer 8

i dont know but DONT buy a chevy. they suk