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
Scott and Shanes Auto Service
(585) 342-3720
556 Norton St
Rochester, NY
Bailey Radio Dispatcher
(718) 543-2626
131 W Kingsbridge Rd
Bronx, NY
Eagle Car & Limo Ltd
(718) 745-2000
7129 5th Ave
Brooklyn, 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
Bay Street Auto Center
(718) 447-8917
830 Bay St
Staten Island, NY
New Paisa Car Service
(718) 335-0544
2616 23rd Ave
Astoria, NY
Natanya Express Car & Limo Svc
(718) 972-1111
1312 44th 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 Dies Rye 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.
- Burned Up Transmission Rye NY
- Car Engine Low On Oil Rye NY
- Car Engine Dies While Driving Rye NY
- Black Transmission Fluid Rye NY
- Automatic Transmission Flush Rye NY
- Car Engine Knocking Noise Rye NY
- Automatic Transmission Slow to Reverse Rye NY
- Automatic Transmission Problem Rye NY
- Automatic Transmission Slipping Rye NY