Rick's Free Auto Repair Advice

Posts Tagged: lease a car or truck

Should I lease a car or truck?

Is leasing a new car cheaper than buying? Summary: Leasing a new car is never cheaper than buying when you look at the costs over a longer term than just a single 3-yr. lease. Here’s why. New cars depreciate the most in value during the first three years. When you lease a new car, you’re paying for all of that depreciation, plus the acquisition fee, interest and the leasing company’s profit (called money factor), dealer preparation and a disposal fee. You don’t ever get those fees back. So let’s call … Read More

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