LogFAQs > #876984165

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Topicshould i buy or lease a car?
Default64
04/11/17 12:28:49 PM
#19:


I would avoid leasing unless you (are sure that you) want to drive a new car every 3 or so years while under the dealer's terms. Understand that things can change during those 3 years. I leased a Honda Civic awhile back thinking that I wanted to drive a new car every 3 or so years. That mindset changed about midway through the lease. I was very lucky that the buyout price (including taxes) was well below that of the actual value when it came to the end of the lease. If the buyout price was above, then I would have walked away and would have also paid a turn-in fee; this fee is thrown at you if you decide not to lease or buy a car at the end of the lease.


You also have to be sure how much you drive. Leased cars tend to have a mileage limit, and if you go over that limit, they will charge you for each mile that you add over it.
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