Buying versus Leasing?

Discuss which cars to get, where to get them from, tricks and traps to avoid, insurance... Also, great place for First time Car Buyers in UAE!

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Buying versus Leasing?

Postby Gentleman10 on Mon Jul 12, 2010 8:10 pm

What is a better deal, buying or leasing? How does leasing work? what are the pros and cons?
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Re: Buying versus Leasing?

Postby azi malik on Thu Jul 15, 2010 1:15 pm

this is a topic that has multiple comments and suggestions...

BUY:
buy a car when you know you are having enough money to buy the car PLUS get extra things bought for the car and still have money to pay for the normal maintainance of the car you just bought.

In buying you are not bound and you can sell the car whenever you want. Plus once bought, it is totally your property.

Lease:
Leasing is good when you don't have enough money and you know that you are earning that much amount of money every month that you can easily pay the lease and regular maintainance and you are not bothered with giving the EXTRA AMOUNT other than the car to the bank over the years.... which ultimately will make you pay more for the car.

I would recommend:

1. Buy a car that you can afford.
2. Try to buy it rather than leasing.
3. If you still want to lease, then go for lease but give all the remaining amount of the car within a year or 6 months so that you have to pay minimum extra money that bank will charge you over the years....
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Re: Buying versus Leasing?

Postby b_gardner74 on Sat Jul 31, 2010 11:39 pm

I currently lease but that's because I will be relocating within 2 years hence I can just return the car to the leasing company. If I was staying somewhere for much longer I would definitely buy.
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Re: Buying versus Leasing?

Postby azi malik on Mon Aug 02, 2010 7:09 pm

dats a wise option when u have the option of returning bak... otherwise... its a long way... and huge amount in the end... that you could save and buy something else with.
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Re: Buying versus Leasing?

Postby fadi khan on Thu Sep 02, 2010 12:19 am

lease all the way!
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