Your Next Car: Buy Or Lease?
Leasing a car can mean a low downpayment and lower car payments. The dealership
is responsible for maintenance, so you'll have less to worry about
there. But over a long period of time, leasing will cost more than buying
a car. Often you'll have to pay more for insurance when you lease
a car: ask the dealer exactly what type of insurance you'll need to buy. The dealer won't allow you to customize the car, and if you
mangle it in an accident you'll pay a steep penalty. If
you plan to buy the car at the end of the lease,
you're probably better off buying the car right away instead. Whether
you lease or buy, always negotiate with the car dealer to get the lowest
possible price.
Leasing often makes sense in these situations:
- If you don't drive much, you can
negotiate a low mileage allowance that will lower your monthly
payment.
- In states with a high sales tax, you can often avoid it by leasing
rather than buying.
- If you want "more car for your money," you can do that because of the
lower payments on your lease .
Try this Buy Or Lease Calculator to see if leasing is for you.
Also, the Federal Reserve Board offers for free a publication called
"Keys to Vehicle Leasing," which is available by calling 202-452-3244.
| |
|
|
| |
Your Next Car: Buy Or Lease? 
|
Time to complete:
| 3 minutes |
|
Money you'll spend:
| $0 |
|
What you'll get:
| Advice on buying or leasing your next car. |
Step-by-step instructions:
- Click here: Buy Or Lease Calculator.
A new window will open with this page.
- Print this page, it will have a lot of blanks to fill in. As
you research cars in your hometown or on the Internet, fill in the blanks.
|
Further Reading:
|
|  |
|
|
|
Copyright (c) 1998-2007 Ark Royal Software.
Legal Notice, Disclaimer and Terms Of Use
|
