Car News Articles 
 Alternative Fuel Vehicles
 Automotive Articles
 Car Buying Tips (198)
  Car Financing (29)
  Car Warranty (5)
 Car Insurance Articles
 Car Maintenance
 Car News
 Car Racing
 Car Repair
 Car Safety
 
 Driving Economically
 Environmental Issues
 Exterior Car Care
 Garage Know How
 
 How Car Stuff Works
 Motorcycle Articles
 Road Trips
 Traveling with Kids
 Younger - Older Drivers
 
 Amsoil Synthetic Oil
 Article Archives




spacer
spacer
Car Buying Tips

The Great Car Debate: To Buy or to Lease?

The Great Car Debate: To Buy or to Lease? Many of us cannot decide whether to buy a new car or lease one when it's time for us to get a new vehicle. This article will give you the pros and cons of both options to help you make the right choice.

(NewsUSA) - As the economy continues to rebound, more Americans find themselves strolling the lot of their local car dealership and facing a difficult decision -- whether to buy or lease a new vehicle.

"Both options have their pros and cons," said Joe Wiesenfelder, senior editor at Cars.com. "It really depends on your personal driving habits, the amount of money you're willing to spend and how often you like driving a new car."

Wiesenfelder offers these tips for car shoppers:


Benefits of Leasing

1. Driving a New Car. Leasing allows you to get a new car frequently. While this may not be the best reason to get a car, it does mean you'll always have the latest safety technology and comforts.

2. Affordability. With leasing, you're getting more car for a lower monthly payment.

3. Less Maintenance. Leasing can help you avoid some hefty maintenance and repair bills. With the exception of a few oil changes and filter replacements, there should be no need for any heavy maintenance. Assuming that you've kept the car in good condition and stayed within the mileage limits, when your lease is up, you can simply turn the car in and walk away.

4. Avoid Upside-down Loans. When you lease, you there is no danger of getting stuck in an "upside-down" loan, where you owe more than the car is worth.


Benefits of Buying

1. Ownership of the car. When you buy a car, you own the vehicle and will eventually be free of car payments.

2. Lower Costs in the Long Run.While the monthly payments for buying a car are higher than payments for leasing, you will eventually pay the loan off. Those initial high payments make up for themselves with years of being payment free.

3. No Restrictions. A lease contract contains many restrictions, such as mileage limits, which may be inconvenient and costly in the long run. An owner can sell at any time, while leases usually include hefty penalties for early termination.

4. Rebates and Incentives. Rebates and incentives for new cars are abundant for buyers right now. In some cases, these offers might make buying a significantly less expensive option than leasing.

For many people, the decision to buy or lease comes down to price, says Wiesenfelder. "We encourage people to use our automatic Loan vs. Lease calculator at Cars.com. By entering in the monthly payment you can afford, you'll get an idea of which car you could afford to own, or if leasing is a better option for you."







Related Articles:
Use Canadian Black Book For Reliable Trade-in Information
The Canadian Black Book Rates Vehicles With Best Trade-in Value
The Best Vehicles To Fit Your Needs
Eight Secrets To Safely Buying A Car Online
Buying A Car? Avoid These Wrong Turns
Price Versus Value: When Is It Worth The Upgrade?
Driving A Bargain
Car Shopping Protect Yourself From Online Fraud
Shop Smart For The Best Car Deals Online
Five Tips To Find The Best Car For You
How To Find The Right Car For The Teen Driver In Your Family
New Ways To Sell Or Trade A Vehicle Online
How To Read A Vehicle History Report
The Great Car Debate: To Buy or to Lease?
Buying A New Car Or Truck That Can Be Custom Fit

spacer
sdg
make image
model image
zip code


Stay Updated!


Car Buying Tips
Related Articles
Spring Car Shopping? Take Care
Five Must-haves For Your New
What You Need To Know
Taking A Test Drive: Do
Money Saving Checklist For Buying
Use Canadian Black Book For
The Canadian Black Book Rates
The Best Vehicles To Fit
Eight Secrets To Safely Buying
Buying A Car? Avoid These
Price Versus Value: When Is
Driving A Bargain
Car Shopping Protect Yourself From
Shop Smart For The Best
Five Tips To Find The
How To Find The Right
New Ways To Sell Or
How To Read A Vehicle
The Great Car Debate: To
Buying A New Car Or
spacer

Feed Button



Car Insurance Info | Newsletter | Car Classifieds | Online Car Rentals
Auto Pictures | Link To Carjunky.com



Complete List of Article RSS News Feeds


Copyright © 1999 - . CarJunky® All Rights Reserved.