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should I lease or buy a car
i was reading that auto companies are cutting back on auto leasing is this true and is it better to just buy a car.

Asked by: den1320

Asked on: August 02, 2008 09:58

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Gamera
gamera (3 months ago)
Still kind of tough to say. If you are a business owner or use the vehicle for work, it still might make sense to lease a vehicle and write off the payments. However, leasing for an individual might not be worth it anymore. Chrylser is no longer going to offer factory lease financing. GM and Ford are going to raise rates to where it would be more money than buying the vehicle. The problem is, the car market is so bad right now that used cars are no longer worth any money. Car companies use to make money by leasing a new car cheap, but then selling it later for a profit. They can't do that anymore, so leasing prices are no longer attractive.

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