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There are individuals who cannot afford to make a new car
purchase, which is when the decision comes to decide whether
or not to lease using a loan. There are several benefits of
two of these types of methods.
Some questions you should keep in mind when deciding on a car
is, do you want to have the latest model out every year or do
you simply need a car for transportation purposes? You should
think about these questions first prior to making your
decision.
When it comes to leasing, some appealing aspects of the idea
is low downpayments as well as monthly payments in addition to
low maintenance requirement fees. The biggest advantage of
leasing Vs. buying however is if you have good credit, you
won't need to put too much money for a downpayment. These cars
will also be under warranty for the next 3years, therefore if
any mechanical problems come up, you will be covered during
the lease period. There is a drawback to leasing however that
you should be aware of. There is always a car payment on a
lease that you need to send in, when the lease period is up –
you can either begin leasing again or simply buy the car and
eventually own it. During this situation, you can drive the
car for as long as you want (another6 years or so typically),
the expense fees for those periods will likely be low.
Car leasing is a more expensive option for the long run, the
big benefit you will hear from individuals is that those who
leased – ended up driving 3 different cars in a 10 year period
as opposed to getting stuck with one car that you own.
Individuals who owned the car are most likely to have made at
least one major repair as the vehicle aged.
For more information on the benefits of buying or leasing a
car, visit:
http://money.cnn.edmunds.com |
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