I know this is so off topic, but DH and I are thinking of trading in his 04 Acura sedan after he gets done with his masters b/c the payments are really high. We still owe some on the car, and will probably get around 5-6k for it (after the debt is taken out). With only around $5k to put down, we have a choice of whether to buy something less expensive or to lease something less expensive. We are thinking of leasing using the logic that the lease payment would be less on a camparable car to a loan payment on the same vehicle.
I have never leased a car, only owned. My car payment is really low b/c I had a good trade in and I drive a Honda Civic. I have only put 5,000 miles on it in almost a year b/c I work 2 miles from home. The only things I know about a lease is that you shouldn't do it if you drive a whole lot (I don't). If my DH had a job farther away than mine, he could have my car and I could drive the lease.
Does anyone have any experience with leasing? I could use all the feedback I can get!
I have never leased a car, only owned. My car payment is really low b/c I had a good trade in and I drive a Honda Civic. I have only put 5,000 miles on it in almost a year b/c I work 2 miles from home. The only things I know about a lease is that you shouldn't do it if you drive a whole lot (I don't). If my DH had a job farther away than mine, he could have my car and I could drive the lease.
Does anyone have any experience with leasing? I could use all the feedback I can get!