What do you think are the pros and cons of leasing a vehicle?

I am looking to lease a car or truck and I'm hoping to pay about $100 monthly. Asked by Z8052 21 months ago Similar questions: pros cons leasing vehicle Uncategorized.

Similar questions: pros cons leasing vehicle.

If over 15,000/year Leasing may not be a viable option. If I am allowed to generalise for every $100 you pay towards your installment the installment for leasing would be about $60 a month all things remaining same. Some cars are a better buy due to their better residual value, likes of Toyota Camry/Corolla, Honda Accord/Civic, Nissan Altima.

The residual value of most of these cars at the end of three years would be over 50% of the original price. Some Cars are bad purchase due to low residual value and buyers tend to loose a lot more when they buy those vehicles. Before buying, one can check on the web this kind of information if need be.

There are many sites which give the prospective purchaser a good idea of the market at the time of purchase like, MSRP, Invoice Price, Residual Value, Reliability, Fuel Economy etc. Ed Leasing generally calls for you to have a better credit compared to purchasing. If you lease a car you need to be very careful about mainting it otherwise penalties have to be paid. Irrespective of the fact, you maintain the car well you maintain the value of it.

Now the answer to your question considering the aforesaid conditions, at the end of the term (36 months usually for leasing) you end up better off financially if you lease a car. Sources: Personal opinion .

1 on the pro side, lease payments are often not as large as purchase payments, so you can get into more car with less money. On the con side, when you have paid for the car for the specified period of time, you don't get to keep it. Leasing is most cost-effective, if you typically only keep a car for a year or two, and then trade it in.

If you are willing to start with a car that is a year or two old, you can often have lower payments and get to keep the car, after the payments end. $100 a month for a car seems a but optimistic to me.

On the pro side, lease payments are often not as large as purchase payments, so you can get into more car with less money. On the con side, when you have paid for the car for the specified period of time, you don't get to keep it. Leasing is most cost-effective, if you typically only keep a car for a year or two, and then trade it in.

If you are willing to start with a car that is a year or two old, you can often have lower payments and get to keep the car, after the payments end. $100 a month for a car seems a but optimistic to me.

3 For $100 a month, you might be able to get a 1987 Yugo - not much else. Disadvantage - the car isn't really yours, no matter what you wind up with. And there's always a certain amount of pride involved in ownership - or at least there should be.

For $100 a month, you might be able to get a 1987 Yugo - not much else. Disadvantage - the car isn't really yours, no matter what you wind up with. And there's always a certain amount of pride involved in ownership - or at least there should be.

4 yeah, I never really felt comfortable in driving my dad's leased car, felt like we had to treat it like a weekend rental, couldn't make a trip into town when we felt the need, had to save up chores to do everything in one trip. And then after a few years of making payments, we had to give the car back and didn't get any trade-in value for another car.

Yeah, I never really felt comfortable in driving my dad's leased car, felt like we had to treat it like a weekend rental, couldn't make a trip into town when we felt the need, had to save up chores to do everything in one trip. And then after a few years of making payments, we had to give the car back and didn't get any trade-in value for another car.

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