Monthly Archives: March 2018

Leasing vs. Owning a Car: Which is Better for You?

Other than buying a house, getting a new or used automobile is one of the most costly purchases you will make in your lifetime. If you're overwhelmed with the prospect of saving for the full price of a vehicle or getting an auto loan, there's always an option to lease. Here are pros and cons of leasing a car as opposed to buying one. It's fun to drive a new car every few years! Monthly payments are usually lower than auto loan No worries about selling and trading vehicle. A warranty is always protecting you and your vehicle Usually, the payment on a leased car can be around 60% less than your monthly payments if you were buying the same automobile and financing with a traditional auto loan. Having a warranty is also a huge plus. It can be incredibly irritating if your new vehicle has big issues right after your warranty ends and you're left with zero coverage. Everything is covered with a lease and that appeals to many people on the car hunt. Cons of Leasing: Yo ... read more