Auto Financing or Leasing Watervliet 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

D & D Auto Repairs
(518) 273-8297
208 19th St
Watervliet, NY
Klock Auto Service
(607) 692-4733

Whitney Point, NY
R & R Auto Repair
(631) 586-2205
127 Ste L Brook Ave
Deer Park, NY
A & E Auto Repair
(631) 471-1549
1743 Julia Goldbach Ave
Ronkonkoma, NY
Transportation Unlimited Car Svce
(718) 363-1000
1226 Nostrand Ave
Brooklyn, NY
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
Metro Luxury Inc
(718) 665-4900
625B E 137th St
Bronx, NY
Bay Taxi
(516) 431-4999
99 Long Beach Rd
Island Park, NY
Clinton Car Service
(718) 852-9000
78 Henry St
Brooklyn, NY
Continental Car Svce
(718) 507-8006
9802 Astoria Blvd
East Elmhurst, 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
- Burned Up Transmission Watervliet NY
A car owner asks the Honest Mechanic about some transmission-related issues. The car owner wonders if his transmission is burned up. Find out what the Honest Mechanic has to say and get some useful information in case you ever find yourself facing similar problems with your car.
- Automatic Transmission Problem Watervliet NY
- Car Engine Low On Oil Watervliet NY
- Automatic Transmission Slipping Watervliet NY
- Car Engine Dies Watervliet NY
- Car Engine Dies While Driving Watervliet NY
- Black Transmission Fluid Watervliet NY
- Car Engine Knocking Noise Watervliet NY
- Automatic Transmission Flush Watervliet NY
- Automatic Transmission Slow to Reverse Watervliet NY