Is It Better to Buy or Lease a Car: What's Your Experience?
In the best of times, the question isn't easy, and it requires a new car purchaser to weigh lower payments against potential resale value, out-of-pocket repair costs against extended warranties. Now, however, the lease or buy question is being further complicated by the issue of lingering economic instability. Between sequestration, the debt ceiling debate, the issue of rising taxes and falling wages, it's getting harder and harder to make a long-term economic commitment. And with continued economic crises on the horizon, it doesn't look like things are getting better any time soon.
So which path is wiser? To answer the question, we've decided to ask you -- our readers -- for your thoughts. What are your experiences with buying and leasing? Do you have any great money saving stories to tell? What about horror stories? Are you considering a new car purchase or lease and weighing the alternatives? We'd like to know!
Please let us know your thoughts in the comments below; alternately, you can e-mail me at email@example.com, or send me a Twitter at @bruce1971.
Thanks for your thoughts!