Tips on Buying Cars: Lease vs buy, leasing a vehicle, grade model

Question
Ray,

My wife is going to need to replace her vehicle of 12 years soon.  We don't particularly want another large vehicle payment but she wants a new car and another SUV to replace her existing one.  Leasing certainly provides a more affordable monthly payment but having never leased a car before can you provide a quick snapshot of the pros/cons of leasing and whether you would ever suggest it to a friend (we don't have a business we can leverage the lease against).

Tks very much!

Answer
Hi
Leasing a vehicle you MUST fully understand the contract, whatever term you sign be 100% sure  you will want to keep it for that term and fully understand the fine print.
If you went to jail for 3 or 4 years you most likely would be released early with good behavior, with a lease, there is no parole without hurting your pocketbook big time.

I am not a fan of leasing its like renting, to many restrictions like miles - and when you return car it better not have dings or to much wear and tear as you will have to pay - simply stay away.

Yes your payments will be a bit higher with financing but it would be my choice even if I had to down grade model to meet payments.

go to my website   http://www.usedcartips.org/   and pick up some pointers, click on the new car banners for car quotes you will get the lowest prices before you go shopping.

should you have further questions feel free to make contact through my website

good Luck
  Ray