Auto Financing or Leasing Clifton Park 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

Tepas Thomas Auto Repair
(716) 826-6666
2365 S Park Ave
Buffalo, NY
Rite-Way Private Car Svce Corp
(718) 882-2222
1598 Bronxdale Ave
Bronx, NY
Dav-El Chauffered Transportation Inc
(718) 729-7070
4205 10th St
Long Island City, NY
Willie's Reliable Limousine
(845) 362-7807
164 E Willow Tree Rd
Spring Valley, NY
Columbia Street Car Service
(718) 834-6868
429 Columbia St
Brooklyn, NY
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
Hollywood Barbering Center
(718) 454-9317
10910 Farmers Blvd
Saint Albans, NY
Kg Auto Repairs
(347) 597-5090
1204 Washington Ave
Bronx, NY
Rescue Car Svce Inc
(718) 363-0200
264 Troy Ave
Brooklyn, NY
Dominican Car Svce
(718) 438-6262
4405 5th 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.


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