1. Should You Lease Your Next Car?
- Author
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Barry, Keith
- Subjects
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LEASES , *PLUG-in hybrid electric vehicles - Abstract
This article from Consumer Reports discusses the pros and cons of buying versus leasing a car. It explains that leasing generally results in lower monthly payments and provides the benefit of getting a new car every few years without worrying about repairs or selling/trading it in. On the other hand, buying a car is more cost-effective in the long run, especially if you plan to keep it for a long time or drive a lot of miles. The article also mentions that the landscape of car deals is changing, with automakers starting to offer incentives again. It provides examples of lease deals and survey data to help readers make an informed decision. Additionally, the article highlights situations where leasing or buying may be more advantageous, such as if you want a luxury car or if you drive a lot and put wear and tear on your vehicle. It also discusses the benefits of leasing an electric or plug-in hybrid vehicle, including potential tax credits and incentives. Finally, the article mentions that leasing may be a better option for vehicles that score low in reliability but high in road-test and owner satisfaction ratings. [Extracted from the article]
- Published
- 2024