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When Buying Used Makes More Sense Than Leasing

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cartagAmazingly low monthly payments might make leasing seem like a no-brainer. But a closer look at the related costs of leasing (and its long-term expense) might convince some people to return to a good used car.

Leasing is presented as a quick, easy and affordable way to get into a new car. …But there are some fees that people often don’t take into account, and those can quickly add up. Furthermore, at the end of the lease term, you have to decide whether to start a new lease cycle. You might eventually become a “serial leaser”: someone who always has a car payment. Over a lifetime of driving, this can be costly.

Here is a list of other points that might make you choose used-car buying over new-car leasing.

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