Lease or Buy? The Reasons Why...

It's time to begin the daunting task of taking on a new vehicle. It can seem like you are walking right into a dark cave with no light. No need to worry. Although the vehicle selection options are many, there are really only two financing options. Leasing and Purchasing. Let's discuss the differences between the two:

Leasing - This is a great option for someone that likes to drive a new car every few years. You are not responsible for the full purchase price of the vehicle. Rather, you are being leased or "rented" the vehicle at a set monthly payment price.

Buying - This is a great option for someone that is more concerned about investing their monthly payments into something that they will eventually own. Although it is very hard to build equity in a car, it can be possible if you get a low interest rate and take good care of the vehicle.
Categories: Finance

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