Today's Huddle debate: Buying vs leasing a car?

[pstall]

I'm in the market. Holla :D

[Jase]

It depends how often you want a new one.

[mmmbeans]

buy used. pay cash.

[Zcustom]

car payments are the debil.

of course not everyone likes to build their own cars.

If I do have to buy it's used with cashola

[Darth Urious]

buy something with the zombie apocalypse in mind

[Darth Biscuit]

We leased once, didn't care for it... buying used it really where it's at if you do the research and find a good one.

[Zcustom]

buy something with the zombie apocalypse in mind

[g5jamz]

I've never bought a new vehicle. Nor lease. I'm just fine someone else taking the depreciation hit and selling off their Honda Accord with 60,000 miles to me so that I can run it up to 300,000 miles.

[Hawk]

in my opinion, and with the way the rules play out in Canada anyway, unless you have a business or something that you can write off those monthly lease payments, there is no advantage to leasing a vehicle. yes, you can argue that the monthly payments are typically lower so you can afford to drive a nicer vehicle, but you never own anything and essentially rent the vehicle for the length of the term. Then you need to worry about mileage and damage etc. If you can't afford the monthly purchase payments on a vehicle, I'd suggest buying slightly used or getting a lower value new vehicle. I got caught up on leasing back in the day when money was very tight, and basically lost every penny put in.

[Darth Urious]

holy poo this is awesome!

[Epistaxis]

Doesn't really matter.

If you like having a new car and don't like dealing with older, higher mileage issues, a lease is fine.

It is NOT an investment. A 10 year old car is worth diddly.

That said, I have only owned one new car, the one I currently drive, it is 9 years old.

[Darth Urious]

but in all seriousness... buy used, pay cash... hell, you could get you a late 80's/early 90's Toyota truck, and it would still run like new...

[DC Amp]

There's nothing like your own! ;)

[Jangler]

buy used. pay cash.

What about pre-owned?