02.27.06
Car lease almost up, now what?
Holy #!%#$!# my car lease is coming due…now what? Should I lease again, buy a new car, buyout the lease, buy a used car? Well, leasing a car is the most expensive way to operate a vehicle - well in the short-term. You’re literally renting your car, and it’s still going down in value. It’s a really bad deal. However, buying out a car, or buying a new car, unless you have a solid warranty, and warranties only last for so long, buying a car will cost you more in the long run. You’re always better off buying slightly used. But in the end, which is better, well, that all depends on your financial obligations and your goals. Both leasing and buying have their advantages and disadvantages. What one is right for you - leasing or buying, well, check out this page on who should lease a car, and who shouldn’t.