Do you think i should lease or buy?maybe lease for a year to establish credit?

Question

I have owned a couple of cars already and looking for new one but now thinking about maybe leasing that way not only would i be leasing or driving a newer model car vs buying an 04-06 but i would also be establishing credit or better credit.any opinion on advantage or dis advantages?maybe do it for a year or two?

thanks

Answer 1

If you buy a car, you can get a car loan - that will establish credit also.  The buy vs lease option really depends on you and your situation.  I think in the long run, leasing is more expensive than buying.

Answer 2

depends mainly on you financial status - i would rather see some one drive a three year old car that is paid off than driving a new leased car if there job or finances are a little shaky!!!