Diyam Car thread and I missed it Ouch !!!1 Knight Crawler ..... Lease is always good hands down ... but there are some key points you have to look for when you lease a car. If you are in door to door sales or you are a realtor .... Lease is still better for you. I work for a dealership and so far I have financed only one car tht was my first one .... I always lease a car. And especiall with car manufacturers coming up with new technologies every year your car will be outdated in couple of years. Good advatanges of lease. 1. YOu do not pay for every nut and bolt on the car . you pay what you drive the car for . 2. Miles is not an issue. Altho when you see payments for Lease they tell you its 12k or 15k per year but that is just a standard term they use. You can lease a car for 3 years and get 18k or 20k miles a year . Yes you will have to pay little more . For toyota every miles you buy is 10cents a mile. If you lease a car and go over the mileage limit its 15cents a mile. Now u do the math . 3.The manufacture does not charge you for normal wear and tear on your car at the end of the lease . Lot of ppl are afraid of paying those that is just not true. 4.YEs if your car has a fender bender or you total rip of the upholstery they will charge you for that. 5.Security of car not being depriciated if you get in to accident. Let me explain this .LEt's say you get in to pretty big accident send the car to body shop insurance pays for it , you just have to pay your deduction.NOw if you own that car you are done for another good 10 years unles you have big fat saving accounts to come up with the loss to your car. In lease drive till your lease ends and turn it back to manufacture , they won;t charge you anything just becoz you got into accident, but make sure you have all the docs from body shop and insurace co. they might ask for that. and there is lots and lots of other benefits. Why buy a car then? FOr ppl who keep car for long time buying is better then leasing ... but if you are one of those ppl who get tired of car in 2/3 years go for lease you will save a lot . Key things while leasing a car. Do not get I repeat Do not negotiate monthly payment. Lot of ppl just look at the monthly payment and sign the paper work , where as that should be the last thing you want to negotiate. NEgotiate the price of the car just like you are buying it. ITs simple math If you can get the price lower your monthly payment goes down . THe easy way to know if you would get a good lease or not is. Check the residual and the price of the car you buying . If the residual percentage is in bracket of 45% to 52% you are in for good lease. Most american cars miss this bracket that is why they give heavy cash backs . Other key thing Money factor . when you lease they do not use a.p.r They use money factor which if a consumer asks ., finance mananger has to convert into corresponding a.p.r and disclose. ooops this is way too long diyamn feels like a counsular ..... To summarize it Lease is the best way to go if you are careful . There is a trend saying that lease is a rip off coz prolly about 10 years ago when a dealer does a lease they did not had to disclose residual , money factor or the price of the car. so every thing was hidden to consumers except for monthly payment. Now I am sure all state has a law where you have to disclose the price of the car, residual money factor and charge for extra miles driven. Okie time to head to work .... laterz fellas