Auto Financing or Leasing Cortland 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

Uniworld Brothers
(212) 666-7777
16204 Crocheron Ave
Flushing, NY
Independant Car Service
(914) 698-1551
39 Glen Ave
Port Chester, NY
Gateway Car Svce
(718) 258-8100
4115 Avenue U
Brooklyn, NY
Diamond Auto Repair
(718) 241-7200
1330 Ralph Ave
Brooklyn, NY
All County Limousine
(516) 785-0500

Bellmore, NY
New Ecuadorian Car and Limo
(718) 956-4474
3108 21st St
Long Island City, NY
Mega Muffler Auto Repair
(718) 617-0192
1301 Westchester Ave
Bronx, NY
Cheers Car Svcs
(718) 965-1616
307 7th Ave
Brooklyn, NY
Empire Executive Car & Limousine Inc
(212) 239-6100
141 W 28th St
New York, NY
Ricky & Elis Auto Repair Shop
(718) 239-2390
449 Devoe Ave
Bronx, 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 Low On Oil Cortland NY
The Honest Mechanic helps a car owner with engine problems. The car needs a new engine and the owner believes the problems were caused by the negligence of the auto shop he took it to just days before it started having problems. See what kind of advice he gets and keep it in mind in case you find yourself in the same situation.
- Automatic Transmission Problem Cortland NY
- Automatic Transmission Flush Cortland NY
- Car Engine Knocking Noise Cortland NY
- Black Transmission Fluid Cortland NY
- Automatic Transmission Slow to Reverse Cortland NY
- Automatic Transmission Slipping Cortland NY
- Burned Up Transmission Cortland NY
- Car Engine Dies Cortland NY
- Car Engine Dies While Driving Cortland NY