Lease or buy?

With Leases having become a mainstay in the Auto Business, it hard

to imagine the car finance business being even as successful without

the ability to offer this option to a potential buyer.

The hard and cold fact is that Leasing is one of the tools that have

in many cases kept the car business afloat, without it, the industry would have long had to admit that cars have for the most part become to expensive for the average middle class American to afford. The Whole business as a whole would have to admit that

auto's have become too expensive.

This is not to imply that everything about leasing is bad, on the

contrary, if you happen to be an enthusiast or just don't mind the

fact that your actually just renting your car, this can actually work

for you, with leasing, many people get to drive cars that would otherwise be beyond their reach.

How many people of average means would get to live the dream

of driving the latest 5 or 7 series BMW if they had to purchase the car and make payments on it's full value.

The down side to this is that people may get into cars that they otherwise shouldn't buy, and one has to wonder that at some point

cars will become so expensive that even leasing won't help the car makers. Stretching the payments out to 72 months or longer isn't

a realistic long term strategy.

There has to be someone that knows what the next move is.

J.