I have never gone the lease route, i have always paid cash for my cars, I was wondering if you guys think it is a good idea.

There are some crazy lease values poping at dealerships.

 

need more info than this
such as:
your financial objective (eg tax benefits, saving for house down payments, etc)
car model, options
lease details

 

There are pros and cons to leasing a vehicle..... I would never do it.. you are paying money for something you will never own (not just the payment, but the oil changes, fluid flushes, tune-ups etc), and if you continue to lease you will always have a car payment.

 

If you lease it don't mod it.... I did this once and at the end of the lease felt is was too much of a hassle to return to stock so I just sold the car.
It's better to buy it straight out because then you can do what you want to with it...

 

IMO, only a good idea if you really need a reliable car with a no hassle warranty, but cannot afford loan payments to purchase.

 

I can afford to buy the car... I just cant get over how cheap the payments can be. I have never really looked at a lease before. It appears so though, you can really take a hit if you put on more kilometers then the contract states.

 

It's cheap yes, but in the end, you just give the car back. Thats $XXX right down the drain. The buyout price will undoubetly be more than the car is worth too since you were making such low payments. But, if you are not going to keep the car long , taking out a loan might not make sense either.. all depends on your situation

 

If you turn around cars every two years and don't put a lot of miles on them sometimes leasing makes sense. Figure your payments will just be covering the depreciation of the vehicle over the time you drove it.

However if you like keeping cars for extended periods or putting a lot of miles on them just buy it.

 

leasing is ideal for cars like mercedes... you keep them long enough to drive around until the warranty expires, then upgrade to a new one.