Car leasing vs. car buying is many people’s dilemma. We live in a car society and a car is pretty much a necessity if you plan on getting around comfortably and efficiently. That being said, it also happens to be one of the biggest expenses that a person will incur in their lifetime. If you are looking for tips on buying new car, then this article is for you. A perennial debate concerns whether to purchase a car (new or used) or whether to lease a car. Both sides have their merits.
Buying a new car is a very popular option. Most people want to enjoy that sense of ownership. You’ll be forking over a fair amount of cash every month and you want to enjoy that purchase. Like many other things in life, you also want to call something your own. And whenever you are done with the car, or move away and plan to leave it, it’s yours to sell and recuperate some of the costs. On the other hand, you need to have a substantial amount of money in order to drive it off the lot. And, over time, the car will see more and more signs of wear and tear, requiring you to invest money on repairs.
So there we go again: car leasing vs. car buying, new or used? What is the best? Used cars are another option for those who prefer to own the car. A major part of the car’s value diminishes as soon as the car is driven off the lot. Many people find it smarter and cheaper to buy a fairly new car, but not one that is totally new. This is the best way to get a deal, since there is little mileage clocked and the price has come down drastically. These days, it’s extremely easy to check for used cars that are up for sale on the Internet. Don’t forget to check also the tips on buying new car vs. used car. Internet is a great source for that.
The other debate is about leasing, what is better: car leasing vs. car buying. Some people prefer to keep ownership over the car and plan on using it for many years. However, you need to have the money for a down payment. With leasing the car is yours as long as you continue to pay the monthly fees for the period of the lease. Should you choose to get out of it before the lease is up, you will face hefty fines. Also, the car needs to be in great condition when you end your lease. On the other hand, maintenance costs are not of your concern. It’s ideal for people who want a hassle-free car experience.
Hopefully you find these tips on car leasing vs. car buying useful in your car shopping.