The big decision: lease a car or buy a used one outright?

I had to choose between leasing a new Honda Civic for $280 a month or buying a 2015 Toyota Corolla for $10,000 cash last spring. I went with the Corolla and it's been reliable but now I'm wondering if the lower payment on the lease would have given me more freedom. What did you pick between these two options and how did it work out for you?

2 comments

2 Comments

the_vera23d ago

Leasing can feel like a trap because you're just renting a car and never truly own it. Buying used means you own it free and clear, which is a huge weight off your shoulders when you think about future payments. Are you happy with how your Corolla has been treating you so far?

xena_anderson23d ago

Couldn't agree more. Feels good to actually own something.