Auto Financing or Leasing Horseheads 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

Oe Auto Repair Specialist's
(718) 220-2441
2040 Webster Ave
Bronx, NY
Apple Car Service
(845) 269-3418
41 Broadway
Haverstraw, 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
Discount Car Service
(718) 740-0101
9447 212th St
Queens Village, NY
Avalon Limousine
(516) 783-0430

Wantagh, NY
Lynns Auto Service
(845) 877-3535
3160 Route 22
Dover Plains, NY
Uniworld Brothers
(212) 666-7777
16204 Crocheron Ave
Flushing, NY
Independant Car Service
(914) 698-1551
39 Glen Ave
Port Chester, 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.

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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