Auto Financing or Leasing North Tonawanda 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

MacKys Auto Repair
(718) 295-8622
3230 Jerome Ave
Bronx, NY
Royale Car Svce
(914) 725-3646

Scarsdale, NY
Vit Car Service Inc
(718) 823-1111
1478 White Plains Rd
Bronx, NY
Douglaston Car Service
(718) 445-1111
4221 235th St
Little Neck, NY
AAA Taxi
(516) 328-8888
46 Atlantic Ave
Floral Park, NY
Dell Auto Telecommunications
(716) 744-2611
282 Wheatfield St
North Tonawanda, NY
G & T Auto Repair
(718) 294-3027
1495 Inwood Ave
Bronx, NY
Elite Car Service & Limousine Service
(718) 472-2398
3272 Gale Ave
Long Island City, NY
Cortave Auto Repair
(631) 722-4007
640 Main Rd
Aquebogue, NY
Friends For Ever Auto Repair
(718) 901-2067
4284 Park Ave
Bronx, 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 North Tonawanda 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 North Tonawanda NY
- Car Engine Knocking Noise North Tonawanda NY
- Automatic Transmission Problem North Tonawanda NY
- Car Engine Dies North Tonawanda NY
- Black Transmission Fluid North Tonawanda NY
- Car Engine Low On Oil North Tonawanda NY
- Automatic Transmission Flush North Tonawanda NY
- Automatic Transmission Slow to Reverse North Tonawanda NY
- Car Engine Dies While Driving North Tonawanda NY