Saturday, June 19, 2010

Buy car with cash, credit card or lease - which is best?

I am going to buy a car that is 2 years old and about $15k. Is it better to lease it or buy in cash/credit card.



I have never leased a car and not sure if it has any advantages, judging by some websites i have visited leasing seems to be daunting, easier to buy in cash. But is this a wise financial move?



Buy car with cash, credit card or lease - which is best?emergency loan





The motto buy cash for an asset that will appreciate and loan/lease for depreciating is the rule of thumb..



So lease the car, keep the cash!



Dont listen to the so called %26#039;top contributor%26#039; above.....he probably drives a pink hyundai...



Buy car with cash, credit card or lease - which is best?

loan



Do you need to ask? If you have cash, then cash, of course (you save on paying interest.)



Bungle has two left thumbs, if he has such rules. If you follow his %26quot;logic,%26quot; you should pay cash for a house and lease a pair of pants.



Depreciation of a car is the point - you lease or finance it and after some time you owe more than its value.



And by the way my car is purple, not pink.

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