Auto Financing or Leasing Schenectady 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

Craftons Auto Center
(518) 723-2191
1853 State St
Schenectady, NY
California Car Service
(718) 282-8410
1005 Church Ave
Brooklyn, NY
Family Car Service
(718) 596-0664
262 4th Ave
Brooklyn, NY
Lindy's Car Svce
(718) 497-0333
6216 Metropolitan Ave
Middle Village, NY
Global Systems Technologies
(718) 615-0344
178 Brighton 11th St
Brooklyn, NY
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
Burns Auto Center
(518) 612-6020
401 Broadway
Schenectady, NY
Safeway Car Service
(212) 826-9100

Brooklyn, NY
Park Avenue Car and Limo
(845) 528-5529
18 Cedar Dr
Putnam Valley, NY
New Mexico Car Svc
(718) 205-6600
3705 61st St
Flushing, 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 Schenectady 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.
- Car Engine Knocking Noise Schenectady NY
- Automatic Transmission Slipping Schenectady NY
- Black Transmission Fluid Schenectady NY
- Automatic Transmission Slow to Reverse Schenectady NY
- Car Engine Dies While Driving Schenectady NY
- Car Engine Dies Schenectady NY
- Automatic Transmission Problem Schenectady NY
- Automatic Transmission Flush Schenectady NY
- Burned Up Transmission Schenectady NY