MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis

MissouriFamilies.org - Money Matters - Consumer Action

 

Quick Answers...Auto

 

It seems that the monthly payment for leasing a car is less than if I would buy a car. Is leasing better than buying?


Often the monthly payment for leasing a car is less than a loan for a car because you are only paying for the vehicle's depreciation, rent charges, and taxes for leased car. However, before making a decision to lease or purchase a vehicle, consider all the costs of leasing (beginning costs, excess miles/wear charges, disposition fees, etc.). You may find that with all the additional fees that come with leasing a vehicle, it is actually cheaper to purchase a car.

 

 

 

Brenda Procter, M.S., State Specialist & Instructor
Personal Financial Planning, University of Missouri-Extension
 

 

 

 

 

Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base

Last update: Wednesday, April 19, 2006

 

 

 


 
University of Missouri logo links to http://extension.missouri.edu

Site Administrator:
mofamweb@missouri.edu 
Copyright  ADA  Equal Opportunity


MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia