Auto Financing or Leasing Malone 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

Jack Russell Auto Repair
(518) 481-6999
53 Duane St
Malone, NY
Aviv Express Car & Limo Svc
(212) 349-3400
4820 16 Ave
New York, NY
New Style Limousine Inc
(718) 472-5588
3540 30th St
Long Island City, NY
Best Deal Car Service Inc
(718) 798-5555
757 Burke Ave
Bronx, NY
Eastland Limo & Car Service
(718) 382-6868
1907 Coney Island Ave
Brooklyn, NY
Watsons Auto Repair and Sales Inc
(518) 483-2110
4317 State Route 11
Malone, NY
Nostrand Car Svce
(718) 339-5400
2946 Avenue S
Brooklyn, NY
Keene Auto Repair
(518) 576-9095
2811 Nys Route 73
Keene, NY
Casino One Limo
(718) 520-6616
144 Jackson Ave
Syosset, NY
Kew Gardens Car Service
(718) 381-1111
6936 76th St
Flushing, 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 Malone 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 Slipping Malone NY
- Car Engine Dies Malone NY
- Car Engine Low On Oil Malone NY
- Automatic Transmission Problem Malone NY
- Automatic Transmission Slow to Reverse Malone NY
- Car Engine Knocking Noise Malone NY
- Automatic Transmission Flush Malone NY
- Black Transmission Fluid Malone NY
- Car Engine Dies While Driving Malone NY