(own), you finance the entire cost of the vehicle, regardless of how long you plan to use it or how many miles you put on it. Leasing means you finance the cost of the car only while you lease (rent) it—you pay the difference between the value of the car when you first get it...
Buying allows you to build equity in your vehicle and eventually drive it without making car payments. Leasing typically has a significantly smaller monthly payment than financing a car purchase because you're essentially renting the car instead of buying it. As such, leasing could allow you to ...
as well as other new or used vehicles. There is also a tool to help you find a car by budget. The online calculator helps you put in what you’re willing to pay per month, your down payment and trade-in. Then, you can view cars that fit your desired monthly payment. There’s als...
The CarMax app is focused on car buying, not selling or trading in. So, if you want to sell your car or trade it to get a lower down payment, you’ll need to set up an appointment outside the app or get a cash offer on the website. CarMax App Both Android and iOS users can...
car, we get it — but if you can at least ensure your trade-in value equals your loan amount, you won't have to pay extra for the new vehicle purchase.2. Rushing to buy without any prior researchThere can be legitimate reasons to expedite a vehicle purchase. Perhaps your vehicle was ...
How much are you comfortable paying each month? Can you afford a down payment? These are important questions to answer before buying a car. And as you’re working on your budget, don’t forget maintenance, insurance, gas and repair costs—all part ofthe true cost of owning a car. ...
Finding the right car is essential for a driver. Review our guide with tips for buying a used car, so you can plan accordingly and know what questions to ask.
When you buy a car, you can keep it for as long as you choose to. Usually, you’ll make a higher down payment and slightly higher monthly loan payments (if you finance your purchase) than lease payments for the same car. However, there are ways to reduce these amounts—consider buyin...
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9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook buy (redirected frombuying it) Thesaurus Legal Financial Idioms buy purchase:buy a car;to acquire by exchange or concession; to bribe:to buy votes;to accept or believe:I don’t buy that story. ...