Auto Financing or Leasing Hicksville 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

Credit4Wheels.com
1.866.34.DRIVE
93-25 Rockaway Blvd
Ozone Park, NY
Auto Expo Store
800.818.6864
46 NORTHERN BLVD
GREAT NECK, NY
J & H Auto Repair 2 Inc
(516) 433-4233
600 W Old Country Rd
Hicksville, NY
New Bennett Radio Dispatcher Inc
(212) 927-1500
4329 Broadway
New York, NY
Quality Car Service
(718) 961-2222
4120 College Point Blvd
Flushing, NY
Advantage Funding
866-392-1300
1111 Marcus Ave #M27
Lake Success, NY
ALLcreditfinancialservices.com,LLC
516-537-8175
Northern Blvd
Roslyn, NY
Best Automotive Inc
(516) 465-3944
180 Miller Pl
Hicksville, NY
Prs Transportation
(516) 931-4999
53 Kingston Ave
Hicksville, NY
Harlem Car Service Inc
(212) 663-8080
210 Saint Nicholas Ave
New York, 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
- Burned Up Transmission Hicksville NY
A car owner asks the Honest Mechanic about some transmission-related issues. The car owner wonders if his transmission is burned up. Find out what the Honest Mechanic has to say and get some useful information in case you ever find yourself facing similar problems with your car.
- Automatic Transmission Slow to Reverse Hicksville NY
- Black Transmission Fluid Hicksville NY
- Automatic Transmission Slipping Hicksville NY
- Car Engine Knocking Noise Hicksville NY
- Car Engine Dies Hicksville NY
- Car Engine Low On Oil Hicksville NY
- Automatic Transmission Flush Hicksville NY
- Automatic Transmission Problem Hicksville NY
- Car Engine Dies While Driving Hicksville NY