Comments on: Lease or Buy a Car http://monthlycarlease.com/2009/10/lease-or-buy-car/ Car Lease Ratings - How to Lease a Car - Best Car Lease Deals - Leasing Reviews Thu, 19 Apr 2012 14:08:39 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: rbdeli http://monthlycarlease.com/2009/10/lease-or-buy-car/comment-page-1/#comment-187 rbdeli Tue, 06 Apr 2010 02:18:17 +0000 http://monthlycarlease.com/?p=108#comment-187 alm, Thanks for writing. Normally, leases are not available on cars that are 1 year old. Car leasing is usually reserved for brand new cars. The reason it makes sense to lease is because you can get into a brand new car without paying for the entire depreciation of the car as you do when you make a purchase. If you can find a lease deal on a 1 year old car, the residual value will be lower than it would be on a new car, and the interest rate higher because banks will have to make up the difference in profit somewhere. So, my guess is that if you could find a lease on a 1 year old car, it won't save you much, if any money. Brand new cars with super high residuals are the way to go;, like Honda, Toyota and Nissan. alm,

Thanks for writing. Normally, leases are not available on cars that are 1 year old. Car leasing is usually reserved for brand new cars. The reason it makes sense to lease is because you can get into a brand new car without paying for the entire depreciation of the car as you do when you make a purchase. If you can find a lease deal on a 1 year old car, the residual value will be lower than it would be on a new car, and the interest rate higher because banks will have to make up the difference in profit somewhere. So, my guess is that if you could find a lease on a 1 year old car, it won't save you much, if any money. Brand new cars with super high residuals are the way to go;, like Honda, Toyota and Nissan.

]]> By: alm http://monthlycarlease.com/2009/10/lease-or-buy-car/comment-page-1/#comment-182 alm Sat, 03 Apr 2010 00:40:08 +0000 http://monthlycarlease.com/?p=108#comment-182 Great informative article. I frequent Clark Howard's site, and while he used to be totally against leasing, he is actually recommending it now because of the great deals being offered due to Toyota's problems. A lot of your information makes sense, and I'm looking into leasing a vehicle. But one question, is it better to lease a one year-old vehicle because of the depreciation hit in it's first year lease? Great informative article. I frequent Clark Howard's site, and while he used to be totally against leasing, he is actually recommending it now because of the great deals being offered due to Toyota's problems. A lot of your information makes sense, and I'm looking into leasing a vehicle.

But one question, is it better to lease a one year-old vehicle because of the depreciation hit in it's first year lease?

]]> By: rbdeli http://monthlycarlease.com/2009/10/lease-or-buy-car/comment-page-1/#comment-174 rbdeli Fri, 19 Mar 2010 14:58:04 +0000 http://monthlycarlease.com/?p=108#comment-174 No, she won't get $12,912 for a four year old Ford Focus and if she doesn't trade it in, she will be faced with repair and maintenance costs: Brakes, alignments, tires, etc. $200 a month for a car lease on a $22,512 car is hard to beat, especially if you paid little or nothing down. That's a bargain! No, she won't get $12,912 for a four year old Ford Focus and if she doesn't trade it in, she will be faced with repair and maintenance costs: Brakes, alignments, tires, etc.
$200 a month for a car lease on a $22,512 car is hard to beat, especially if you paid little or nothing down. That's a bargain!

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