![]() So, you have made the big decision to acquire a new vehicle. All the hard work and research is complete (hopefully you have hired me), you know which car you want and you cannot wait until it’s pulling into your driveway. Congratulations, but the work is not done. Perhaps the most important consideration buyers have at this point is whether to buy/finance or lease the car. In this blog, I will compare the pros and cons of each, and help you assess which option best fits your needs. BUYING/FINANCING: Whether you purchase the car for cash or finance it with a loan, the attributes remain the same. PROS:
LEASING: When you lease a car, the captive lender (Manufacturer) holds title and ownership to the vehicle and you retain the ability to use it during the lease. Leases are for a fixed period, have an agreed upon cost and give you the option to purchase the vehicle during the lease or at lease end for a pre-determined value. PROS:
In summary, the decision to buy or lease your next car is a personal one, driven by the way you intend to use the car, your driving habits and how long you plan to keep it. I hope that this comparison of key benefits and drawbacks is helpful in determining the option that works best for you. As an expert in both buying and leasing cars, I can assist in your vehicle search and provide additional context in determining the best path to choose. Visit my SERVICES PAGE or email me at [email protected] to learn more. Thanks for reading. Categories
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Luxury Lease Guy™ BlogInformation and education regarding car leasing and the auto market Archives
January 2022
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