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Do you Lease or Finance?

Posted By Message
Pages: 1 [2]

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Do you Lease or Finance?

we have done both- and currently do both

I wont lease again - only b/c I don't drive to work anymore- and I would rather buy a pre-owned car and pay it off rather then lease again

Posted 1/25/08 7:00 PM
 
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MrsPornStar
Partners in crime

Member since 10/05

14656 total posts

Name:
Mama

Re: Do you Lease or Finance?

We financed both cars.

Posted 1/25/08 7:05 PM
 

Whamtastic
LIF Adult

Member since 1/07

997 total posts

Name:
Big Fat Baby with a Blackberry

Re: Do you Lease or Finance?

I've only paid in full for a car, but if that was not an option, I would finance and pay it off as quickly as I could. I prefer to keep my cars for a long time and not have a payment.

Posted 1/25/08 7:14 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Do you Lease or Finance?

I have never leased.

I tend to keep cars for a long time, so financing makes sense to me. I also don't want a never ending car payment. while it might be nice to get a new car every 3 years - you're paying for that luxury, bigtime! I haven't had a car payment in 5.5 yrs.

5.5 years x $300 a month (avg) = $19,800!

eta: I just figured out that I've had my car for 114 months. that would have cost me $34,200 in lease payments (at $300 a month), plus whatever I would have put down initially. my car was more than $10K less than that, and I haven't put anywhere near that much $ into it.

Message edited 1/25/2008 8:33:46 PM.

Posted 1/25/08 8:29 PM
 
Pages: 1 [2]
 

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