Auto Financing or Leasing Cohoes 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

Stephen Hepps Auto Service
(518) 237-8170
122 Ontario St
Cohoes, NY
Roundtown Auto Repair Center
(718) 798-0907
3455A Baychester Ave
Bronx, NY
Deep Rock Auto Service
(585) 235-0920
39 Deep Rock Rd
Rochester, NY
Hub Connection
(718) 383-6200
4214 Crescent St
Long Island City, NY
Williams Tire & Auto Repair
(607) 847-8000
711 State Highway 80
New Berlin, NY
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
Kingsdale Car Service
(914) 963-6666
513 S Broadway
Yonkers, NY
All Star Auto Centers
(718) 991-8808
565 Hunts Point Ave
Bronx, NY
All Star Auto Center
(718) 378-9880
501 Hunts Point Ave
Bronx, NY
Cesar's Auto Repair
(718) 779-0816
12693 Willets Point Blvd
Corona, NY

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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.


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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