|
Are you in the market for a new car, but unsure if you would like to buy or lease a car? This is a dilemma that many people go through as they search for a new vehicle. All in all, both options can be a good idea, depending on what your goal is. There are advantages and disadvantages to each option. Decision to Buy or Lease When you are making the decision to buy or lease a car, you need to consider many things. The most important thing to consider is how long you plan on keeping the vehicle around. If you are planning on acquiring a vehicle for a longer period of time, buying is cheaper than leasing. If you only want to use the car for 2-3 years, leasing might be the best option for you. You will also want to consider how much damage you or your riders might inflict on the car. If you have young children who might damage the car, you might want to consider buying instead of leasing, since you may be charged for said damages after the leasing period is up. Amount of Funds Available Another aspect consider as you search for the perfect vehicle is the amount of funds you have available for your car. A down payment can lower your monthly payment if you have it available, but is not a necessary part of the transaction for leasing or for buying. After considering the available funds for the down payment, you will also have to consider the monthly payments. Again, the monthly payments for a leased car are generally lower than the monthly payments for an auto loan. This is due to the fact that you are only paying for the difference in the value of the car from the start of the lease to the end of the lease instead of paying for the entire value of the car. Amount of Driving Additionally, when deciding to buy or lease a car, you need to analyze how much driving you do. In a contract for a car lease, you usually sign for a certain amount of miles you are able to use during that lease time. If you use your car frequently and travel large distances, then you might go over the allowable miles on your contract. You will then be charged extra fees per mile over the contract distance. As you consider these advantages and disadvantages during your search for a vehicle, your best option would be to discuss some of your thoughts and concerns with your local dealership. Joe Bowman Auto Plaza, located in Harrisburg, VA, has many buying options available for customers. Joe Bowman Auto Plaza allows you to either buy or lease a car, giving you the best option for your situation. They will be able to inform you of any conditions of a leased car, as well as how much a monthly payment would be for a bought or leased car. Joe Bowman Auto Plaza also allows you to choose from new or used cars, allowing you to pick the vehicle with the best value and highest appeal to you.
Related Articles -
new, car,
| 
