Wow. It’s so funny because I was just discussing this with my friend’s dad over the weekend and he gave me every reason to lease. Think about it this way: If you are driving 10K to 12K miles per year, you’re likely better off with a lease. You get a brand-spanking-new car, and you can get a 3-year lease with 36K miles. You get all maintenance included (repairs needed because of something YOU did are out of pocket). You can even get the first two oil changes free and your first inspection is only $10 (in NY, anyway) instead of the $21 because they only have to check safety. Then, in a few years, you get another brand-spanking-new car! But if you’re driving a lot of miles, you need to buy. Otherwise you’ll be paying for extra miles and that can add up. I’m going to be hopefully leasing a Malibu soon!
My lease on a $42,000 2016 GMC Acadia comes up in August. I pay $350/mo, 3 year very low mileage.. To buy the car at the end of the lease, I would have to pay $550/mo for 5 years.
For many, many years, I leased my pickup trucks. It was cheaper than owning for a myriad of reasons – including taxes. I would turn the vehicle in for a new one when I’d reached about 28,000 miles on it – that averaged about 1 year and a half of driving
I did an awful lot of traveling in those days and required small pickup that was reliable and good on gas. I had a couple or three Nissans before switching to Ford Ranger King cabs.
I think those Rangers, along with the F150 were the best trucks Ford ever produced.
PICTO over 6 years ago
Used cars outsell new cars 4:1. The steady return of well-maintained, end of lease cars assures the dealer of a share of that action.
bookworm0812 over 6 years ago
Wow. It’s so funny because I was just discussing this with my friend’s dad over the weekend and he gave me every reason to lease. Think about it this way: If you are driving 10K to 12K miles per year, you’re likely better off with a lease. You get a brand-spanking-new car, and you can get a 3-year lease with 36K miles. You get all maintenance included (repairs needed because of something YOU did are out of pocket). You can even get the first two oil changes free and your first inspection is only $10 (in NY, anyway) instead of the $21 because they only have to check safety. Then, in a few years, you get another brand-spanking-new car! But if you’re driving a lot of miles, you need to buy. Otherwise you’ll be paying for extra miles and that can add up. I’m going to be hopefully leasing a Malibu soon!
cj7ole over 6 years ago
My lease on a $42,000 2016 GMC Acadia comes up in August. I pay $350/mo, 3 year very low mileage.. To buy the car at the end of the lease, I would have to pay $550/mo for 5 years.
Linguist over 6 years ago
For many, many years, I leased my pickup trucks. It was cheaper than owning for a myriad of reasons – including taxes. I would turn the vehicle in for a new one when I’d reached about 28,000 miles on it – that averaged about 1 year and a half of driving
I did an awful lot of traveling in those days and required small pickup that was reliable and good on gas. I had a couple or three Nissans before switching to Ford Ranger King cabs.
I think those Rangers, along with the F150 were the best trucks Ford ever produced.