Buying a car is usually a safer financial choice in the long term. Still, leasing has its own perks.
But with PCP you have various options. You can either give the car back, like a lease, use the equity from that car towards a new vehicle, or pay an 'optional final payment' to own the car at the end of the agreement. There really isn't a best option between buying or leasing a ...
Part of the Series How to Buy a Car For anyone facing an expiring car lease, it’s decision time: either buy the car from the finance company or return it and find a new set of wheels. Deciding what to do with your current vehicle is always a personal choice. Maybe you really ...
If you continuously lease, you’ll always have monthly payments. Conversely, if you buy a car, you may have to make higher monthly payments for a handful of years, then the payments end when the loan is paid off. That means you can continue to drive the car with no payments and the ...
Buying a car When you buy a car, the insurance premiums are typically lower than if you lease. Owning a car means you are free to rack up mileage without worrying about financial penalties or restrictions. Depreciation can take a nasty toll on the value of your car, especially in the firs...
Learn how to: Find an honest dealership or private sellerAvoid paying higher financing rates or interest paymentsDiscover the cars in your budget that are least likely to have maintenance issuesIdentify lemons and verify a used car's qualityUse the internet as a car-buying, financing and ...
When you choose to lease a car, monthly payments and your down payment are often lower than buying—and with some leases, no down payment is required at all. You also get to drive a new car that’s under warranty, meaning repair costs are low and you get the latest bells and whis...
Buy vs Lease a Car can be a tough decision. In general buying involves higher monthly costs initially, but you own the asset in the end. The temptation of a lease is that you will have lower monthly payments and you drive a vehicle that is usually more expensive than you could afford ...
Lease vs. Buy a Car If you’re one of those drivers who have never done it, but wonder if leasing a car makes more sense than buying, you may be disappointed. That’s because there are several good reasons for both. And, depending on your driving habits, length of commute, along...
Presents a 1999 new-car shoppers guide. Suggestion that the combination of steady or falling prices, lower interest rates and rising family income has made new automobiles affordable as of November 1998; Myths about leasing; How to figure the lease payment; Where the best deals are; How to ne...