week 6 - growing up that renting and leasing are paying off...

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Assignment: Buy vs. Lease Scenario, Due Day 7, Assignment Section, Word Document Attachment · Resources: Auto Calculator website: http://www.bankrate.com/calculators/auto/buy-or-lease-calculator.aspx · Answer the questions presented the way you think you would if you were in the market for a car. · Write a paragraph of 200-300 words discussing the following: o What recommendation does the calculator make for you? o Did the recommendation change the way you previously thought about buying vs. leasing a car? o Do you think you will follow the recommendations made by the calculator? Explain why or why not. The bankrate questions suggested that I purchase my car over leasing. I have always been against leasing a vehicle as I feel it is like throwing your money away. My mother always told me
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Unformatted text preview: growing up that renting and leasing are paying off something for someone else. The recommendation did not change the way I previously thought it only reiterated my decisions on owning vs. leasing. When watching the video I also heard some other reasons why leasing would be a bad idea. The video informed that upon the end of your lease you could face fees if there is any cosmetic issues with the car or too many miles have been used. I have not heard any positives about leasing besides the fact you will have a new car every few years but you also will always have a car payment. I will be following my own and the calculators recommendations of owning instead of leasing....
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