Auto Financing or Leasing Centereach 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

Bayridge Car Service
(718) 680-5200
7205 3rd Ave
Brooklyn, NY
Corner Car Service
(718) 435-7300
1921 McDonald Ave
Brooklyn, NY
Abate Auto Repair
(646) 452-0373
853 W 55
New York, NY
Slusaranski Aleksander
(718) 435-7999
4724 18th Ave
Brooklyn, NY
New Paltz Taxi Inc
(845) 255-1550
139 Main St
New Paltz, NY
Care Transportation Inc
(718) 589-7777
955 Soundview Ave
Bronx, NY
Habana Auto Repair
(315) 422-0949
549 Burnet Ave
Syracuse, NY
Tabernacle Taxi
(631) 842-2801
70 Glenmalure St
Amityville, NY
Union Radio Dispatch Inc
(718) 299-2001
69 Featherbed Ln
Bronx, NY
B & D Imigrant Auto Repair
(718) 457-4490
7043 Queens Blvd
Woodside, 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
- Car Engine Dies Centereach NY
While driving my 1992 Buick LeSabre down the highway at 60 MPH or whatever speed, my car sometimes just dies. This happens no matter where I fill my gas tank or how much gas I have. See what the Honest Mechanic says to do about this problem so you’ll have this info in case such a thing ever happens to you.
- Car Engine Dies While Driving Centereach NY
- Car Engine Low On Oil Centereach NY
- Car Engine Knocking Noise Centereach NY
- Automatic Transmission Slipping Centereach NY
- Burned Up Transmission Centereach NY
- Automatic Transmission Problem Centereach NY
- Black Transmission Fluid Centereach NY
- Automatic Transmission Flush Centereach NY
- Automatic Transmission Slow to Reverse Centereach NY