Auto Financing or Leasing Baldwinsville NY

Learning the differences between auto financing and leasing will help you decide which option is best for you. Read this article and know more.

Local Companies

Brown & Brown Corp
(718) 574-4900
540 Halsey St
Brooklyn, NY
Welcome Car Service
(718) 928-7495
590 New York Ave
Brooklyn, NY
Lucas Auto Service & Repairs
(845) 342-4001
236 Monhagen Ave
Middletown, NY
Romantique Limousine Inc
(212) 921-9444
6717 11th Ave
Brooklyn, NY
Bensonhurst Car Service Corp
(718) 946-1589
7 Bay 28th St
Brooklyn, NY
Southern Body Parts
(315) 685-1411
816 W Genesee Rd
Baldwinsville, NY
Lincoln Limousine
(212) 722-0939
347 E 109th St
New York, NY
Shmilu's Messenger Service Inc
(718) 438-2227
1310 52nd St
Brooklyn, NY
Flushing Express Car Service
(718) 478-9696
4173B Bowne St
Flushing, NY
Stillwell Auto Repair
(718) 373-2393
2505 Stillwell Ave
Brooklyn, NY

Provided by:

It's like buying a new pair of shoes. Everyone has an opinion on the topic, but the best advice is to scope out which is the right fit for you.

Ownership

Leasing: You do not own the vehicle. You get to use it but you have to return it when your lease ends. If your lease vehicle has a purchase option, you may be able to purchase your vehicle during the term of the lease or at lease end.

Buying: You own the vehicle and you get to keep it when you pay off the amount owed under the financing contract.

Up-front costs

Leasing: The money you pay before you take possession of the car may include the first month's payment, a refundable security deposit, a capitalized cost reduction (like a down payment), taxes, registration and other fees, and other charges.

Buying: Up-front costs include the cash price or a down payment (if you finance), taxes, registration and other fees, and other charges.

Monthly payments

Leasing: When you lease a car, you are paying only for the vehicle's depreciation during the lease term plus rent charges (like interest), taxes, and fees and charges that may be owed during the lease. This usually makes monthly lease payments lower than monthly loan or other finance contract payments.

Buying: When you finance your purchase, you are paying for the entire purchase price of the vehicle, plus interest and other finance charges, taxes, and fees. This means that you're probably going to end up spending more on a finance monthly payment than on a lease monthly payment.


Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Black Transmission Fluid Baldwinsville NY
The topic of this article is issues with car transmissions. The car owner in this article has found black transmission fluid and wants to know what to do about it. See what the Honest Mechanic says and see what you should do if you find yourself in the same situation.
- Automatic Transmission Flush Baldwinsville NY
- Burned Up Transmission Baldwinsville NY
- Car Engine Dies Baldwinsville NY
- Car Engine Low On Oil Baldwinsville NY
- Automatic Transmission Slow to Reverse Baldwinsville NY
- Car Engine Knocking Noise Baldwinsville NY
- Automatic Transmission Slipping Baldwinsville NY
- Automatic Transmission Problem Baldwinsville NY
- Car Engine Dies While Driving Baldwinsville NY