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Boxer3 · 03-31-2009, 07:44 PM

I was having a discussion with a friend about that, I see the argument both ways.

Pros: Lower payments, even with inception fee...., no negative equity or repairs to worry about, tax advantage with business use, more equitable buyouts than in the past.....I know you are always paying this way, but usually in the time frame of most leases, even when purchasing, the first 24-36 months is catching up with negative equity / depreciation anyhow.

Drawbacks: You never keep a car long enough to have trade in value, if your lifestyle changes and more miles are required, it costs more, you may get charged for even minor wear on car as dealer sees fit (contract gray area), you pay and have nothing in the end except a rented car to drive.

I'm sure there is more.....anyone here leasing? Does it turn out to be cheaper even by the time you pay the inception fee? Or are the limitations not worth the savings? Is the tax advantage significant? Just wondering what others' experiences are.

03-31-2009, 07:44 PM
Boxer3 Confirmed User Industry Role: Join Date: Jun 2004 Location: Nashville, TN. Posts: 350	Car leasing....brilliant or a trap? I was having a discussion with a friend about that, I see the argument both ways. Pros: Lower payments, even with inception fee...., no negative equity or repairs to worry about, tax advantage with business use, more equitable buyouts than in the past.....I know you are always paying this way, but usually in the time frame of most leases, even when purchasing, the first 24-36 months is catching up with negative equity / depreciation anyhow. Drawbacks: You never keep a car long enough to have trade in value, if your lifestyle changes and more miles are required, it costs more, you may get charged for even minor wear on car as dealer sees fit (contract gray area), you pay and have nothing in the end except a rented car to drive. I'm sure there is more.....anyone here leasing? Does it turn out to be cheaper even by the time you pay the inception fee? Or are the limitations not worth the savings? Is the tax advantage significant? Just wondering what others' experiences are.