If I were to lease an XB, Am I able to buy it at the end of the lease? Would this be a good way to go? or should i just sava money for a year or 2 and finance it?

 

If you save for a year or 2, you won't be buying a new xB. They aren't making them after December of this year.

 

Im probably going to go with the new model

 

IMHO..

leasing a vehicle is a smart option only when you are useing it for a business...(you can write off all expences associated with its operation)

if you lease one for your personal use,,,you are just renting it for a specified length of time. the same is true of renting/leasing a house or apartment... you have zero equity even if it is a lease/purchase contract.
no ownership equity can be claimed until the buyout/purchase is completed

just my 1.75 cents worth

 

If you go onto Scion.com and go to the financing section you can see the difference in payments between buying and leasing. You need to know how many miles a year you would be driving also. Anything over 12,000 or 15,000 depending on the contract, would really drive some penalty money into the equation.

 

Actually, leasing for business is not that great of a deal. The same holds true for business as does for personal vehicles. You don't buy it you rent it and still owe money after your 3 or so years are up. For business vehicles there is nothing that a lease provides that financing or buying it outright does not. You still write off or expense the entire thing.

The benefits for financing versus leasing is that:
1) You have something for your money after the term is up.
2) You can sell the vehicle prior to the end of the term allowing you to get something else (some leases allow for this but in most cases your buyer is simply taking over your lease and associated liability) most will walk away from it.
3) If your lease is limited to 12,000 miles per year and you put on more than 12,000 average per year it's no big deal as you are not paying "excess milage charges" over the 12,000 allowed.
4) A few dings, dents and scratches do not cause you a problem with the leasing company if they feel that it exceeds their definition of "normal wear and tear".

Leasing might have a lower interest rate and save a few dollars on the monthly payment and/or down payment but the long term benefits that may have once been simply are not there.

I've seen it both ways....... Buy it!

 

Please don't waste your money on a lease. Why pay for something and not end up owning it. If you really want an xB you better get one while you can. Snooze ya lose.