Disadvantages of leasing a car
- when is a lease worth it
- when is a lease worth it reddit
- when is a novated lease worth it
- when is a novated lease worth it reddit
Disadvantages of a lease...
Should You Lease to Buy a Car? Pros and Cons
For anyone facing an expiring car lease, it’s decision time: either buy the car from the finance company or return it and find a new set of wheels.
Deciding what to do with your current vehicle is always a personal choice.
Why leasing a car is smart
Maybe you really like your current car and feel like keeping it. Or, perhaps, you've decided to buy rather than lease your next one and are considering choosing a used car this time.
Key Takeaways
- When it's time to get a new car, buying and leasing are the two main ways to drive away with a vehicle.
- Buying, whether with cash or with a loan, means you own the car 100%.
Over time, owning a car can be more cost-effective—but you'll also have to pay for repairs and upkeep.
- A lease may come with lower monthly payments than an auto loan, but you'll only be able to keep your car for a few years—and you'll typically also face mileage restrictions.
- With a lease, however, you will always experience a relatively new vehicle every time you renew.
Buying a Leased Car: Key Considerations
The leasi
- when is leasing a vehicle worth it
- is a 2 or 3 year lease better