Q: Buying a lease vs. renting a car

asked by on

These days--would you recommend to buy a lease or rent a car?

I’m cheap. I buy them, but I buy them used and I don’t pay much and I drive them for 10, 20 or 30 years. But, that’s just me. The problem with leasing a car is this: if you lease a car you are paying for a car for the rest of your life (or until you buy a car) by monthly payments. I buy used cars and I’ve been driving cars for 48 years, and granted I’m a mechanic. In the entire 48 years, on my own personal cars, I’ve spent less than 6500 dollars for them all when totaled together.

If you are leasing cars over a 48-year period, you’ve probably spent hundreds of thousands of dollars on that. Now, if you have a business and you can write the lease off, like doctors and lawyers in their Jaguars and BMWs and Mercedes, then go right ahead. It’s a free tax right-off for a business expense. But, you are going to be ripped if you lease a car, because you are paying all your life for a car. You should get a good used car or a new car that is going to last you for a long time and so that your investment goes towards your property.

Was this answer helpful?

Need advice from certified mechanic? Get help now!

Over 1,000 mechanics are ready to answer your question.
The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details
  1. Home
  2. Questions
  3. Buying a lease vs. renting a car

Get an instant quote for your car

Our certified mechanics come to you ・Backed by 12-month, 12,000-mile guarantee・Fair and transparent pricing

Get a quote

What others are asking

Q: Is the CRV better than Hyundai i10 2009

For me, the Honda is a better quality vehicle. But you are comparing vehicles that are 10 years apart. If the price is the same, then I would get the newer vehicle if it is in better shape. If you...

Q: Buying new car advice

Hi there, thanks for writing in. I'd be happy to provide my insight. With the advances in today's technology, there are many car options out there with engines smaller than 3.0 that provide plenty of power and room for a...

Q: Recommendation of Jeep Compass

The Jeep Compass is a great vehicle when maintained properly as is the case with any vehicle. Some of the earlier year models (2007-2011) had a few more issues than the later models. One of the most notable issues was...

Related articles

Rules of the Road For Iowa Drivers
Driving on the roads requires knowledge of the rules, many of which are based on common sense and courtesy. However, even though you know the rules in...
What are the Car Pool Rules in Hawaii?
Hawaii is widely regarded as a land of vacation and relaxation, and as such, its scenic roads and routes are far better known than the state’s freeways. But, as with all...
P2428 OBD-II Trouble Code: Exhaust Gas Temperature Too High Bank 1
P2428 code definition A P2428 trouble code signifies that the PCM has detected a problem in the exhaust gas temperature sensor circuit in bank 1, which subsequently contains the number one...