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

Andreas Auto Repair
(718) 937-9144
3812 30th St
Long Island City, NY
Fredericks Auto Repair
(518) 883-4543
3648 State Highway 30
Broadalbin, NY
Eagle Airport Transportation
(516) 873-7600
PO Box 270
Albertson, NY
Ampere Private Cars
(718) 822-8269
3287B Westchester Ave
Bronx, NY
Hi Tech Auto Repair
(718) 636-0152
484 Sterling Pl
Brooklyn, NY
California Car Service
(718) 282-4444
1005 Church Ave
Brooklyn, NY
Brighton Express Limo & Car
(718) 232-3434
8507 Bay Pkwy
Brooklyn, NY
Union Limo & Car Service
(718) 771-3000
311 Kingston Ave
Brooklyn, NY
N & M Auto Repair
(516) 992-8692
2431 Long Beach Rd
Oceanside, NY
Maurios Auto Repair
(718) 273-6651
425 Vanderbilt Ave
Staten Island, 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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