Leasing

Yes, there are many advantages to leasing a car. Keep in mind cars are not assets, they are usually liabilities because you have to fork out cash via a loan or payments every month, and they all depreciate rapidly.

but there are advantages besides just financial. after the term of the lease you can get a new car and also generally, most car leases are covered under the origional manufacturers warantee, so you will have very few problems.

additionally, if you end up driving close to 10,000, 12,000 miles per year, you could make out pretty well.

I'm not a financial expert, but hopefully somebody else can chime in with additional info.

The only advantage to leasing a car is if you were going to sell it anyways and get a new one before it needed any real work done to it. Otherwise, it isn't worth it. It is like throwing your money away with noting to get out of it. And if you go over your miles, you pay for that too.

But, if you want a new car, it is a good way of going about getting a new car for cheaper then you would if you bought it.

I always lease new and buy used. Not that I have leased a car ever though.

Hope that helps.

Lower Monthly Car Payments - The monthly payment from a lease will be lower than the monthly on a purchase. The reason behind this is that on a lease, you are not paying for the whole car, just the portion of the car's value over the lease period. Monthly payments on a lease can be up to 60% less. Therefore, for the same price, you can drive a nicer car under a car lease than under a conventional loan.

Lower Upfront Costs - Down payments on a lease are usually much smaller as well. Generally you will pay a deposit of your first monthly payment, as well as tax, title and registration fees where applicable. You may elect to pay a larger down payment to reduce your monthly payments.

With leasing you can afford a newer, nicer car. When the lease expires you'll need to lease another car or buy one at that time. If you sign a lease make sure you allocate enough miles, if you go over on mileage you'll pay penalties.

If you buy, you'll make bigger payments, but when the loan expires you'll own it. Over the lifetime of most cars, about 125,000 - 160,000 miles, you'll be making payments for about half of the life of the car. That means no car payments for about 5 years or more, which is nice.

Cars with especially long lives (like Toyotas), save you money in the long run when you buy. Plus, you can sell them and get some money back after you've paid off the loan.

Only if you don't like doing maintaince and don't care that you don't have a car at the end of the 3 year lease.