Should i buy a used car for about 12 thousand or should i lease a new car for 2400 down 200 a month?

Question

Should i buy a used car for about 12 thousand or should i lease a new car for 2400 down 200 a month?

Answer 1

its better to buy a car because at least you own it. its a waste of money to shell out anything just to lease. whether its a car, house, apt, etc. you never get that money back, so its a waste. its money you shell out every month and at the end of the lease you have nothing to show for it. at least with buying something, at the end of the time you have to make payments you can show that you still have a car. like my mom always told me, renting/leasing anything is money you spend for someone else to go on an all expense paid trip to disney world.

buy the used car. plus if you have good credit you should get the car for less than 200 a month, especially if you put down 2400 on the used car.

Answer 2

Remember, if you lease a car, it is simply rented, at the end of the lease you give it back,