Auto Financing or Leasing Webster 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

Rite-Way Private Car Svce Corp
(718) 597-1111
1598 Bronxdale Ave
Bronx, NY
Java Car Business
(718) 937-3745
3601 37th Ave
Long Island City, NY
Sufi Auto Repair & Body Shop Inc
(718) 392-2230
1311 44th Ave
Long Island City, NY
Flushing Express Car Service
(718) 478-7007
4173B Bowne St
Flushing, NY
Mitchy Auto Service
(631) 859-1259
57 Moffitt Blvd
East Islip, NY
Turner Brothers Auto Repair Inc
(585) 288-1066
1411 Empire Blvd
Webster, NY
Manabi Auto Repair
(718) 328-3232
1819 W Farms Rd
Bronx, NY
Circle 8 Auto Repair
(631) 586-1555
127 Brook Ave
Deer Park, NY
New Commando Car Svc
(718) 478-7474
10254 43rd Ave
Corona, NY
Greenwood Lake Taxi
(845) 477-0314
97 Windermere Ave
Greenwood Lake, 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 Webster 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.
- Automatic Transmission Slow to Reverse Webster NY
- Automatic Transmission Problem Webster NY
- Automatic Transmission Flush Webster NY
- Black Transmission Fluid Webster NY
- Automatic Transmission Slipping Webster NY
- Car Engine Knocking Noise Webster NY
- Burned Up Transmission Webster NY
- Car Engine Dies While Driving Webster NY
- Car Engine Low On Oil Webster NY