LEASING VS FINANCING: What's Better?

Here are the main differences between leasing and financing a car 🚘💳
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[mitchellbarton]

Lease, renting with extra steps.

Financing, renting to own with extra steps

[javidlj]

For anyone watching, it’s cheaper technically per month BUT it’s not cheaper over time to buy your car because you’re paying more in interest.

[ZAR]

In short, ,
Lease new Car or Buy used Car in Cash (4+ years)

[jacklifestyle.]

You get a new car every couple years leasing and a nice car too

[NightHawk]

But your amount paid in leasing goes to the amount of the total amount financed if you end up purchasing

[syndoxxx]

Honestly people buy a car through market place, buy a honda or Toyota they are reliable, decent ones goes for around 3-5K maybe less with around 200, 000 kilometers or less, get someone to safety the vehicle and spend a few more thousands to keep the vehicle on the road. Look for one that have zero rust zero major damage, you can always swap an engine or buy another one after a few Years. You can buy 5 used cars or more before buying a brand new one.

[aortizandrew]

Are we able to buy upgrades for a leased vehicle? Like tint windows but rims ext.

[Electricity]

You say leasing throws money into the air but with financing your paying the amount of the car you saw at first over 5 years but in that time, the car is gonna be worth 50% less not including the interest payments which could bring down another 15% so that’s 65% less in 5 years and it keeps going down every year.

[blacklyfe]

Leasing but it depends if you can afford it

[Jt]

Rule number 1 don't finance/ buy any mclaren breaks down all the time. Only rent it or lease it for very short term.

[kinggamerz]

Ngl if you’re young and pay zero bills I say finance if you have a good enough job

[alphawolffe]

If your lease finishes, that money that you spent for the monthly payments won’t transfer if you want to buy that car?

[Jt]

People with some supercars are actually dumb because the costs to repair and how frequently it needs repaired is so expensive and dealer mark ups can be 50k or more. Even if you make a lot of money, you just made the worst decision ever.

[ihavenolife]

I want to lease a car but when I’m done leasing a car do I have to lease another car or no?

[Daboyricco]

When leasing do you have to put a down payment and do they provide the car insurance???

[Guccighandhi]

All payments go to your credit score and your sanity

[nyykihernandez]

False.
you are given the chance the buy! I’ve been leasing for 10yrs and I’m always given the option to buy at the rate my car is worth at the time the lease is up. I only lease Lexus however this time I decided to lease a Range Rover Velar after 2 yrs I’ll take it back and it’s a write off.

[choopa]

Leasing a supercar 😂 what a show pony that is fake rich 😂

[knowthetruth]

This guy got a finance degree at the University of Devry