Did you Lease or Finance - and why?

[SF_VR6]

I'm having a hard time deciding to lease or finance.

Financing:

- Higher down payment needed to finance at low monthly payments
- Don't like the idea of putting 30-50% down payment on something that depreciates
- I don't know If I want to be stuck with my car past 3 years
- Gas prices getting higher every week. This car may become a money pit.

Leasing:

- Don't know if I can stay within 15k miles a year
- no mods except tinting the windows
- Feels like you are renting a car
- Less down payment means more money in my pocket now for investments

What was your decision and why?

[drand]

I leased. I have the same concerns about the 15,000 miles a year, I may have to buy more at lease end. But I know I don't want to keep it more than three years and I hate having to sell or trade-in my old car (I am having to sell my old one now and I hate the hassle). The lease terms are not fantastic at this point but I did a projection on lease vs. buy and lease came out being slightly cheaper.

[bozola]

I paid cash. I plan on keeping this '1' longer than my recently totalled 10 year old Ti.

[InsaneSkippy]

I only financed 15,000 of the car, the rest was in cash.

[BJDrew]

The Lease, when all the math was done would have cost a real arm an a leg, so I fananced. True cost to own should be reasonable over 4 years and almost 30% less than a lease.