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Old 10-11-2014, 04:07 AM
 
4 posts, read 4,790 times
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Q: I am looking at a new vehicle and am confused whether I should obtain a loan and buy it or if I should lease the vehicle. Would you give me some advice?
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Old 10-11-2014, 05:22 AM
 
Location: Southern California
4,451 posts, read 6,799,364 times
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Quote:
Originally Posted by obdshawn View Post
Q: I am looking at a new vehicle and am confused whether I should obtain a loan and buy it or if I should lease the vehicle. Would you give me some advice?
Do you ever want NO car payment? Will you drive less then the allowed miles on a lease, usually 12,000 miles a year?
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Old 10-11-2014, 11:18 PM
 
Location: TOVCCA
8,452 posts, read 15,041,876 times
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Most leases only allow for 10,000 to 12,000 miles a year, and it's 20 cents a mile after that. In SoCal you will use your car a lot, and it's easy to run over the limit. Even the average is over the limit:

Annual per-capita California driving 1.5 times the national average | Air Quality Matters
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