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
Elite Car Service & Limousine Service
(718) 433-2398
3272 Gale Ave
Long Island City, NY
Dav-El Chauffered Transptn Inc
(212) 645-4242
4205 10th St
Long Island City, NY
Excel Auto Service
(718) 450-3960
314 Faile St
Bronx, 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
Victory Car & Limo Svce Corp
(718) 836-6666
8807 3rd Ave
Brooklyn, NY
Northside Car Service Inc
(718) 387-2222
207 Bedford Ave
Brooklyn, NY
Yankee Doodle Taxi
(518) 465-8188
212 Broadway
Rensselaer, 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.


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