Posts Tagged: lease a car or truck

Buy a car or lease a car: Which is better?

Should you buy a car or lease a car? Which is better? When it comes to the full cost of driving, leasing is never cheaper than buying. Ever. 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 on the entire loan value during the lease period, the leasing company’s profit (called money factor), dealer preparation and a disposal fee. You don’t ever get those fees back. It’s … Read More