What is better buying or leasing a brand new car?
My opinion on this subject has always been when getting a new car leasing makes the most sense. Some customers say but I drive to many miles. Most customers do not know that you can groom a lease for whatever your specific driving needs are.
For example: If you drive 18000 miles a year you may want to get a 3 year 54000 mile lease. It will cost you a little more but you must realize that you are not responsible for the depreciation of the vehicle. The only reason people buy the vehicle is because they have driven to many miles. It's ok to put some money down to lower the lease payment to your comfort zone. It is cheaper in the long run.
If you pay cash and something happens to the vehicle that affects the value you will take a big loss. If something happens to a leased vehicle you get to give it back at the end. If you want to buy a vehicle you should get a slightly used car that is a year or two old that someone already took the depreciation hit. I will be happy to answer any others questions regarding this subject if you email me at automagician@gmail.com
Roger Ricciardelli , President and CEO of AUTOMAGICIAN LLC has brought over 24 years experience in the automotive industry having held key sales, sales management , and executive positions in the sales & marketing of domestic & imported automobiles.
Ask Roger Ricciardelli a Question: automagician@gmail.com