Re: Does buying a car help build credit?

> A leased car is a losing game (for most folks, in most circumstance,
> though, as with many things, not for all folks or for all 
> circumstances).  

This is one thing I never understood - why do people lease cars (other
than for business use)?  Every commercial I see (not that television
is the tree of knowledge or anything) for leased cars shows a car
payment that seems similar to what you would pay if you bought the car
(with a loan).  The only thing I can see is that you can continually
drive a new car year after year.

Am I missing some big secret?  If a company will lease you a car for
25% interest (as alluded to in the parent post), wouldn't they just
sell you the car at 25% interest?  Either way they can repo the car if
you fail to pay, right?

Mike