Auto Financing or Leasing Hilton 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

Drive Davidson Pre-Owned Auto Centers Inc
(315) 736-4623
5123 Commercial Dr
Yorkville, NY
Emes Car Service
(718) 871-5400
5401 13th Ave
Brooklyn, NY
Burns Auto Center
(518) 612-6020
401 Broadway
Schenectady, NY
P J Car Service Inc
(718) 479-7676
8798 Francis Lewis Blvd
Queens Village, NY
Limo-Cars
(631) 929-5263
30 Pentmoor Dr
Mastic, NY
Zcr Auto Repair
(716) 824-7753
608 Bailey Ave
Buffalo, NY
California Car Service
(718) 941-8888
1005 Church Ave
Brooklyn, NY
Flushing Express Car Service
(718) 961-2222
4173B Bowne St
Flushing, NY
Village Car Svce
(718) 698-6900
3747A Victory Blvd
Staten Island, NY
Accord Car & Limo Svc Inc
(718) 786-2226
4716 48th Ave
Woodside, 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 Dies While Driving Hilton NY
Having a car engine die on you while you’re in the middle of driving can be very scary. If you are having this problem get started on fixing it right away. Read the following article to learn what to do.
- Car Engine Dies Hilton NY
- Automatic Transmission Flush Hilton NY
- Black Transmission Fluid Hilton NY
- Car Engine Low On Oil Hilton NY
- Automatic Transmission Slow to Reverse Hilton NY
- Burned Up Transmission Hilton NY
- Car Engine Knocking Noise Hilton NY
- Automatic Transmission Slipping Hilton NY
- Automatic Transmission Problem Hilton NY