Auto Financing or Leasing Patchogue 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

454 Automotive Repair Inc
(631) 654-8282
35 Worring St
Patchogue, NY
Columbia Street Car Service
(718) 834-6868
429 Columbia St
Brooklyn, NY
Tri City Auto Service Inc
(718) 358-0300
12619 20th Ave
College Point, NY
Corner Car Service
(718) 633-1666
1921 McDonald Ave
Brooklyn, NY
Athenina Limo Inc
(718) 460-4040
2206 Crescent St
Astoria, NY
Jb Auto Center
(631) 650-7681
167 Medford Ave
Patchogue, NY
Dominican Car Svce
(718) 438-6262
4405 5th Ave
Brooklyn, NY
Bermuda Transport Svc
(516) 538-5259
261 Uniondale Ave
Uniondale, NY
G and H Complete Auto Repair
(718) 341-0503
11736 Farmers Blvd
Saint Albans, NY
Ozone Park Taxi
(718) 835-3500
6 Coleman Sq
Howard Beach, 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 Patchogue 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 Problem Patchogue NY
- Black Transmission Fluid Patchogue NY
- Burned Up Transmission Patchogue NY
- Car Engine Dies Patchogue NY
- Automatic Transmission Flush Patchogue NY
- Automatic Transmission Slow to Reverse Patchogue NY
- Automatic Transmission Slipping Patchogue NY
- Car Engine Knocking Noise Patchogue NY
- Car Engine Dies While Driving Patchogue NY