Auto Financing or Leasing Rye 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
Island Treasure Car Service
(914) 967-0684

Rye, NY
18 Avenue Too Car Svce
(718) 266-3000
8439 New Utrecht Ave
Brooklyn, NY
Eazy Does It Car Lot
(718) 893-3445
1318 Southern Blvd
Bronx, NY
Njs Auto Repair
(914) 237-1894
109 Bronx River Rd
Yonkers, 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
Yes Car Service
(718) 777-2500
2033 Steinway St
Astoria, NY
Luxury Transportation Limo
(718) 352-0600
4221 235th St
Little Neck, NY
Eastern Car Service
(718) 499-6227
222 15th St
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 Low On Oil Rye 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 Rye NY
- Automatic Transmission Slipping Rye NY
- Black Transmission Fluid Rye NY
- Car Engine Dies Rye NY
- Automatic Transmission Slow to Reverse Rye NY
- Burned Up Transmission Rye NY
- Car Engine Dies While Driving Rye NY
- Car Engine Knocking Noise Rye NY
- Automatic Transmission Flush Rye NY