Auto Financing or Leasing Mount Kisco 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

Intercity Tire & Auto Center Inc
(914) 666-2155
283 Lexington Ave
Mount Kisco, NY
Clc Transportation
(914) 241-0112
103 S Bedford Rd
Mount Kisco, NY
Executive Charge Inc
(718) 431-0674
1440 39th St
Brooklyn, NY
55 Stan Operating Corp
(718) 786-5811
4516 Vernon Blvd
Long Island City, NY
Classic Car Service
(718) 727-5900
2480 Richmond Ter
Staten Island, NY
Amilcars Auto Repair
(914) 864-0676
309 N Bedford Rd
Mount Kisco, NY
Nippon Auto Repair & Detailing
(914) 666-2766
100 S Moger Ave
Mount Kisco, NY
Intercity Tire & Auto Center Inc
(914) 666-2154
283 Lexington Ave
Mount Kisco, NY
Pats Auto Repair & Welding
(518) 834-5464
RR 9
Au Sable Forks, NY
Starline Transportation Inc
(718) 492-8888
463 53rd 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.


Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Car Engine Low On Oil Mount Kisco NY
The Honest Mechanic helps a car owner with engine problems. The car needs a new engine and the owner believes the problems were caused by the negligence of the auto shop he took it to just days before it started having problems. See what kind of advice he gets and keep it in mind in case you find yourself in the same situation.
- Automatic Transmission Flush Mount Kisco NY
- Burned Up Transmission Mount Kisco NY
- Black Transmission Fluid Mount Kisco NY
- Automatic Transmission Problem Mount Kisco NY
- Car Engine Knocking Noise Mount Kisco NY
- Automatic Transmission Slow to Reverse Mount Kisco NY
- Automatic Transmission Slipping Mount Kisco NY
- Car Engine Dies While Driving Mount Kisco NY
- Car Engine Dies Mount Kisco NY