Quote:
Originally Posted by czirrfb
So then in reality leasing is no different than buying because your credit will get screwed either way if you cant pay for the car anymore. Accept with leasing your not paying to own.
Sounds like buying is the better option...
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Only if you can't give what's still owed. Whether a lease or a buy, if you walk into a dealer and say I can't afford the payments, will you buy it off me? If you owe XXXXX on the car and the dealer will give you XXXXX you need to either come up with the difference to pay it off or maybe some how your ahead and they give you a check.
Worst case in a lease or a buy if you can't afford the car anymore and you're worried about credit, go trade it in on a car that's way cheaper and for what you can afford. You'll probably have a bunch of negative equity but getting a cheaper car for way more than it's worth but you can afford it, is better than faulting on a loan.