Is It Better to Buy or Lease a Car: What's Your Experience?

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buy or lease a car
David Paul Morris/Bloomberg via Getty Images A shopper looks at a car at Stewarts Chevrolet Cadillac in Colma, California, on Jan. 30, 2013.
Across the country, car sales have been steadily gaining ground in 2013. But with more and more consumers starting to consider a new car, a classic question is once again rearing its head: is it better to buy or lease?

In the best of times, the question isn't easy, and it requires a new car purchaser to weigh lower payments against potential resale value, out-of-pocket repair costs against extended warranties. Now, however, the lease or buy question is being further complicated by the issue of lingering economic instability. Between sequestration, the debt ceiling debate, the issue of rising taxes and falling wages, it's getting harder and harder to make a long-term economic commitment. And with continued economic crises on the horizon, it doesn't look like things are getting better any time soon.

So which path is wiser? To answer the question, we've decided to ask you -- our readers -- for your thoughts. What are your experiences with buying and leasing? Do you have any great money saving stories to tell? What about horror stories? Are you considering a new car purchase or lease and weighing the alternatives? We'd like to know!

Please let us know your thoughts in the comments below; alternately, you can e-mail me at bruce.watson@teamaol.com, or send me a Twitter at @bruce1971.

Thanks for your thoughts!

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