Hi

i need to either lease or buy a car. Does anybody have any suggestions. What are the best and relaible deals available in the market.
Resources are limited, but since I work far from home and travel takes almost 3.5 - 4 hrs, I am considering both options.

Please give me your inputs

Thank you

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Thank you

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Originally posted by new2007

Hi

i need to either lease or buy a car. Does anybody have any suggestions. What are the best and relaible deals available in the market.
Resources are limited, but since I work far from home and travel takes almost 3.5 - 4 hrs, I am considering both options.

Please give me your inputs

Thank you

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I agree with Nishant. In the long run, buying is always a better option than leasing a car.

Quote:

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Originally posted by nishant3112

Quote:

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Originally posted by new2007

Hi

i need to either lease or buy a car. Does anybody have any suggestions. What are the best and relaible deals available in the market.
Resources are limited, but since I work far from home and travel takes almost 3.5 - 4 hrs, I am considering both options.

Please give me your inputs

Thank you

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I would say buy one...not quite sure how the numbers work but probably works out better in long run with proper maintenance and care..you could also consider buying a second hand one to start with..

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In general, the longer you keep the car the better is the buy option.
However, if you know approx. how long you plan to keep the car, you can do calculations to figure out which is the best option.
There is a very good spreadsheet created by David Trahair that uses many variables like lease term, interest rates, etc. to determine which is a better option.
You can download it from http://www.trahair.com/.
If you can't find it, email me.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Buying is always better, unless u want for business purpose in which case leasing may be better.

Here is another option ,,,
Go to leasebusters.com ..You can find a car with a lease left for 6-18 months with a buy back option . Drive the car and see if lease works for you . In case you like the car you can buy it back . The benefits that you get are :
1. You save the down payment already done by other guy .
2. Cash incentives in some cases .
3. Short period of lease ( No long term contracts )
4. I had noticed some Auto Company employees leasing out their vehicles and hence very cheap prices ( lease and buy back ) .

This way you will know the difference in Lease and Buy w/o losing any money if you chose smartly .

Best of luck

AG

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Growing Old Is Mandatory ..Growing UP is Optional

thank you for this lead. I'll check it out soon.

Thanks 2 all for posting your insights

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Thank you