Tips on Buying Cars: Leasing a car, buying a new car, long distances


Question
Hello,
I would love a brand new or almost new car, but I am not fond of paying 20k for a depreciating asset for the next several years.
I am considering leasing. Do you recommend?
I brought my current car used six years ago. Worst decision I ever made, I put so much extra money into it that I am still paying off that debt.
So in the past 6 years I have only put 40k miles on it. I really dont drive that much and dont drive long distances, just maybe 30 miles a day to get to and from work.
Since I do not drive that much, is leasing a good option for me? Also are monthly payments cheaper to lease than to buy?
Thanks

Answer
I always lease when buying a new car. Everything sounds fine and a lease would fit you. The reason I like leasing is because you drive the nicest cars for a lower pymt (most of the time)and your always under warranty. One thing you have to remember is once you pick a car and lease it, you will not be able to change your mind or trade it in until the last 6-3mths of the lease. You can trade early but it most likely will require a lot of money out of pocket. Just make sure its the car you want during the term of the lease. You can look at some of my past answers and see what I've said about leasing. Remember a lease is just as negotiable as a purchase.