Know the fine print
When you want to get yourself a new car, often the first question is, “Should I buy it or lease it?” There are pros and cons to both and it depends entirely on each person's individual needs and desires. When purchasing a car, you will typically have a significantly higher monthly payment--but by the end of the loan, the car is entirely yours. On the other hand, while leasing the car will afford you a lower payment, you will always have a monthly car payment. A plethora of exciting, new features and advanced technology on almost every new model on the market today has led to record auto sales across the country. Although 2017 was the first year in last eight years to not top the previous year's sales numbers, the figures remain staggering. In 2017, 17.25 million new cars were sold, down 1.8% from the previous year. With all the advancements in safety and technology, the boom in the leasing business has been unprecedented. Attractive finance rates have also contributed significantly to this trend.
Comparing Car Loans and Leases
Below are some of the major differences between buying and leasing.
Negotiating Car Buying or Leasing contracts can be a tricky affair with a lot of fine print that could potentially make the total cost of ownership higher by a few thousand dollars. Trust in the expert negotiating abilities of a buying and leasing expert to get the best deal on your car.