Which is better, leasing a new car as opposed to buying, or buying a used car?
By Cars & Motorcycles on Apr 11, 2009 with Comments 5
Q&A asked: Please don’t say buy a new car. I know it is, but I’m comparing leasing new and buying used, certified pre owned not wheter to buy or lease a new car. Thanks.
Filed Under: Buying Used Car
About the Author:
Buy newly used, they’re ridiculously cheap right now!
It’s financially best to buy a late model used car and keep it for at least 5 years. The initial depreciation has already been absorbed by someone else, and you have the lowest cost of ownership possible. Good luck.
Buying a used car is better. Just make sure you spend the extra $100 to have it inspected by an independent mechanic.
Leasing is basically a long-term rental.
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – car-insurance.22web.net
Although people will give you simple quick answers, it not quite that easy to answer this kind of question. It depends on whether you like getting a new car every 3-4 years, take good care of your cars, drive only average miles, and don’t care about ownership — leasing might be right for you. Here’s an article that might help you determine if leasing is right for you:
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