Is Leasing Ever a Good Idea?

Unfortunately there is no simple answer to thisfirst two years. You get the style and the peace of
question. Although leasing may be a bad idea if youmind that you have been the only owner. This means
cannot afford the payments, for those that plan onthat you should plan on getting a car every two years.
getting a car in the next few years and do not plan onThis is the way to go if you get a car allowance in
taking trips it might be a good idea. However, the keywhich you need to spend the entire allowance as you
word here is that it MIGHT be a good idea.do not get to keep the extra cash.
The largest downside here is that you can only put aBy far the best part of a lease is that you get to drive
certain amount of miles on the car if you are leasing it.the car when it is new and in style. This is perfect for
For instance, 15,000 is a very common number for athe upper class family that only plans on driving their
lease although in some cases you have to upgradecare while it is "new." Plus, if you are going to give the
from 10,000 or 12,000 which will usually come in acar back after 2 years so you can drive it like it is a
standard lease. This means that cross country roadFerrari.
trips are going to be out of the question especially ifFor the average family a lease is a very bad idea.
you drive a significant amount of miles to work everyHowever, for the affluent class who knows that they
day.are going to buy a car every couple of years this can
The second downside of a lease is that it is going tobe a very cost effective and stylish decision. Just
be quite a bit more expensive then just getting akeep in mind that you are going to be paying quite a bit
standard car payment. This is because you are drivingmore than if you just buy the car straight up.
the car in the best years of its life which is typically the