Unformatted text preview: time. Doing this little questioner made me rethinking and I believe it did change how I think about buying vs. leasing. In leasing a car there are many advantages. When you lease a car there is flexibility and you are not in any long term commitment. When you lease a car it can be for a short tem for 2-3 years. With the average car loan you have roughly 5 years to pay it off and it is yours even if you are not as fond of it. When a leasing period is up you can simply bring the car back and walk away from it, or if you like it you can buy the car by paying off the remaining balance. I think I would recommend this calculated because I know we all “think” we are making the right choices and maybe we aren’t making the choices based on financial long run. Getting a car is a big commitment so maybe using the calculator will help put more of a perspective in....
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- Spring '12
- Economics, Automobile, 3 years, Walking