Lease VS Buy: What to Consider When Buying a New Car

Are you in the market for a new car? If you're not sure whether to lease or buy a vehicle, start by calculating your monthly costs for both options.
  1. Nichole says:

    do you think trading in a car that you’re upside-down ($34k) on in order to lease for 3 years and then start fresh is worth it?

    • Chelsee says:

      I’m wondering the same thing. Were currently upside down in value on a car loan and I’m wondering if making larger payments each month to get “right-side up” again is better than just trading the vehicle in and cutting the loses.

  2. Kathy says:

    I just leased a car to get out of a negative equity situation brought on because of a divorce.
    Although I love my new car, better gas mileage, lower insurance, and a little bit lower payment, I am regretting the decision. In retrospect, I should have paid down on the first car and then I could have traded it for a less expensive option. Now, I am stuck for three years.

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