Auto Financing or Leasing East Aurora 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

Park & Canal Auto Repair Inc
(718) 797-4712
301 Nevins St
Brooklyn, NY
Citywide Transportation Corp
(718) 944-4900
967 E Gun Hill Rd
Bronx, NY
A & D Car Svce
(718) 836-2500
7205 3rd Ave
Brooklyn, NY
Curry Chevrolet
(914) 725-5056
728 Central Park Ave
Scarsdale, NY
Four One's Car Svce
(718) 268-4444
9616 Metropolitan Ave
Forest Hills, NY
Key Dealer Services
(716) 646-1210
7935 Boston State Rd.
Hamburg, NY
Ridge Car Service Inc
(718) 567-9128
374 86th St
Brooklyn, NY
Roadmaster Auto Repair Inc
(718) 384-0801
314 Penn St
Brooklyn, NY
Bloomingdale Car Service
(718) 227-7770
12 Bradley Ave
Staten Island, NY
Harmony Car Service
(718) 714-1200
2108 7th St
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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