Buying or leasing a car is a personal preference and depends on many decisions that the buyer or lessee will need to make. Some of the questions you need to ask yourself are what is important to you?
When buying a car the vehicle is ultimately yours. When leasing a car the car will be returned to the dealership at the end of the lease. The upfront costs and payments are generally less expensive on a lease car than the outright buying a car. This is a financial decision that the customer needs to research with the dealer to decide what best meets their needs.
The first step is to talk to a licensed dealer. A dealer will be able to help you make the best decision for your needs as they have the knowledge to navigate through all of the financial nuances of the transaction either way you decide.
Categories: Finance