Originally Posted by phx08
Really depends on personal preference and financial choices. There is no right answer to "buying is better" or "leasing is better". Both sides can argue valid points.
- Lower Monthly Payments from a cash flow standpoint. You only pay for depreciation during the term, monthly payments are 30%-60% lower than equivalent car loans.
- Lower Up-Front Cash Outlay. Supposedly. Car leases should require little or no down payment, but some dealers require $2000-$7000 down. You can walk out if you don't like it
That is what I am saying, our payments would be identical according to his lease amount they are requesting. I put nothing down on the car either, and my payments are the same. I would agree if his payments would be 30%-60% lower, but they are the same.