Re: Does buying a car help build credit?

The payments are somewhat cheaper usually. The only people leasing for
personal use are people that can't afford to buy that shiny new lexus (or
bmw, or toyota, or ford or whatever) but they just gotta have a new one so
they lease it. So instead of paying $375 a month on a purchase they pay $299
on a lease.

I'm with you...leasing is a losing proposition.

"Mike" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> > 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
>