Should You Lease a New Car or Buy a Used One? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
 
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post #1 of 2 (permalink) Old 09-03-2014, 02:20 PM Thread Starter
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Should You Lease a New Car or Buy a Used One?


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There are two affordable options to get into a car without settling for an econo-box. The first is lease a new car and the second is to buy a used one, but which path is the better choice?


“Both options have their advantages,” says Randy Ellspermann, CFO of LightStream Lending. “If you have no need to drive a new car, then financing a used car will work well”, he says. “But sometimes the cost of financing may be a concern.”

While Ellspermann and Lightstream usually lend money to prospective car buyers, today he’s lending his expertise about these two methods of buying a car. Here’s the breakdown
What do you think is better: leasing a new car or financing a used one? Read more at AutoGuide.com!
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post #2 of 2 (permalink) Old 09-03-2014, 02:46 PM
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Originally Posted by AutoGuide.com View Post



What do you think is better: leasing a new car or financing a used one? Read more at AutoGuide.com!
Depends on needs and situation. If you work close by and don't have to drive too much or you own a business. Leasing could be a good idea. You could write off as tax deduction if you own a business.

If you do a lot of driving and you commute far for work leasing would be a really bad idea. You'll eat up mileage real quick. And add more cost to the lease.
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