Should You Buy a Used Car or Lease a New One? | Pros, Cons, & Understanding Your Options

You’ve saved up enough money for a down payment on a car, but the monthly payment for buying a brand-new one is just out of reach of your budget. There are two choices. First, you can lease a new car, with lower monthly payments and a lower down payment as well. Or you can shop the used market to find the right car for you. But when does each option make the most sense? That’s where Lauren McKay comes in, with a ton of helpful advice about when leasing a new car is a better option and when buying used might make more sense.

00:00 Intro

00:45 Buy Used or Lease New?

01:26 Toyota Camry Comparison

02:57 Jeep Grand Cherokee Comparison

04:38 Which Should You Choose?

#newcarlease #usedcarfinance #buyusedleasenew

[mentoraliji]

I would never lease. I bought my car . Took me 3 years to pay . Been driving my car for 7 years now free payments . My car is at 75k miles . 10 year old car .

[jtjt]

Consumers Do lease at least my car is because I don’t wanna have any issues, and I only buy reliable brand such as Toyota Lexus. Leasing is cheaper monthly fee than buying out right and you get a new car every two or three years.

[RJ-vcuo]

Oh, where did you find this spokes person? She is obviously not a automotive person. A local actress maybe ?
I’m thinking a teacher, because she’s talking to me like I’m an eight year old. Give me a break.

[Graciedog]

I'd say she's doing an equal comparison. I don't buy toyotas so Idc what year it is. I bought a new one. Had nothing but trouble out of it. I thought they were supposed to be perfect?? The newer jeep I'd lease. It's nice!!

[gorockets]

Consumers, don’t lease at all. Buy used or buy new, and choose good function and affordability over the flashiest brands or features, you will own something and avoid the never ending cycle of having to lease again in 24 or 36 months which comes quickly.

[jtjt]

Yea she represents Carmax who wants to sell you a car with a seven day warranty so she’s pushing used cars. The Toyota would be fine as a used vehicle the jeep Cherokee unreliable At best