Should You or Should You Not: Lease?
Okay, I got it. I heard you, people. And I will answer your questions now. But please, don't bowl me over, okay?
Here's what you need to ask yourself when you're thinking of leasing and everyone tells you no. Oh well, not just plain and simple "no," but "NO!!!"
You need this, buddy, 'cause it all boils down to what you need and want: not what THEY tell you.
First question: Do you have the cash, or can you afford a monthly payment without losing a house or something to that effect?
If your answer is no, then leasing is for you.
Do you keep the vehicle for more than five years?
If yes, then go buy a car instead. Leasing is usually good for two to three years only.
Do you drive a lot?
If you drive more than 20,000 to 25,000 km per year, leasing can be such a pain in the ass. So go get a used car instead.
Does your dealer show you "full disclosure" lease agreement?
If no, go find another dealer somewhere else. All contracts no matter how tough are fair. Be sure you see that in your dealings with any lessor.
But, hey, the most important question to ask is this:
Have you done your part? Go ahead and do some reading before you say leasing sucks.