Auto Financing or Leasing Port Washington 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

Credit4Wheels.com
1.866.34.DRIVE
93-25 Rockaway Blvd
Ozone Park, NY
Auto Expo Store
800.818.6864
46 NORTHERN BLVD
GREAT NECK, NY
R & R Automotive Center Auto Repair
(631) 598-0222
75 Oak St
Copiague, NY
Watsons Auto Repair and Sales Inc
(518) 483-2110
4317 State Route 11
Malone, NY
Bushwick Car Svce Inc
(718) 386-5002
184 Knickerbocker Ave
Brooklyn, NY
Advantage Funding
866-392-1300
1111 Marcus Ave #M27
Lake Success, NY
ALLcreditfinancialservices.com,LLC
516-537-8175
Northern Blvd
Roslyn, NY
Techno Auto Service Inc
(718) 364-3939
2173 Grand Concourse
Bronx, NY
Rose Limousine
(631) 471-2424
4860 Veterans Memorial Hw
Holbrook, NY
Bushwick Auto Repair
(718) 240-9046
1756 Bushwick Ave
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 Dies Port Washington NY
While driving my 1992 Buick LeSabre down the highway at 60 MPH or whatever speed, my car sometimes just dies. This happens no matter where I fill my gas tank or how much gas I have. See what the Honest Mechanic says to do about this problem so you’ll have this info in case such a thing ever happens to you.
- Car Engine Knocking Noise Port Washington NY
- Automatic Transmission Slow to Reverse Port Washington NY
- Burned Up Transmission Port Washington NY
- Automatic Transmission Flush Port Washington NY
- Car Engine Low On Oil Port Washington NY
- Black Transmission Fluid Port Washington NY
- Automatic Transmission Slipping Port Washington NY
- Automatic Transmission Problem Port Washington NY
- Car Engine Dies While Driving Port Washington NY