Auto Financing or Leasing Plainview 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

ALLcreditfinancialservices.com,LLC
516-537-8175
Northern Blvd
Roslyn, NY
Vinnie's Auto Service
(516) 349-0150
155 Terminal Dr
Plainview, NY
South Car Service
(718) 617-1111
1670 Longfellow Ave
Bronx, NY
Zion Car Svce
(718) 871-4000
4920 New Utrecht Ave
Brooklyn, NY
Darrell's Auto Service
(585) 762-8402
2733 Pearl
Batavia, NY
Advantage Funding
866-392-1300
1111 Marcus Ave #M27
Lake Success, NY
Auto Expo Store
800.818.6864
46 NORTHERN BLVD
GREAT NECK, NY
Fordham Car Wash
(718) 365-5822
610 E Fordham Rd
Bronx, NY
Audio Universe
(631) 451-1777
890 Middle Country Rd
Selden, NY
For Kids Auto Repair & Towing
(585) 268-5161
61 Greenwich St
Belmont, 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
- Automatic Transmission Slipping Plainview NY
Need some transmission advice from an honest mechanic? You’ve come to the right place because this Q&A is deals with another car owner’s transmission issues. Here you’ll find a discussion on whether the car owner’s mechanic made mistakes putting the transmission back in the car after fixing a main seal leak.
- Automatic Transmission Slow to Reverse Plainview NY
- Burned Up Transmission Plainview NY
- Black Transmission Fluid Plainview NY
- Car Engine Dies Plainview NY
- Automatic Transmission Problem Plainview NY
- Car Engine Dies While Driving Plainview NY
- Automatic Transmission Flush Plainview NY
- Car Engine Low On Oil Plainview NY
- Car Engine Knocking Noise Plainview NY