Search Car & Truck Tips Car & Truck Navigation Home Browse Car & Truck Tips Contact Us Random Car & Truck Tips Oil Change Tips: Better Safe Than Sorry! Choose The Right Oil! Buying Tips: Choosing The Right Truck Fix Bumper: How To Repair Car Bumpers Repair Tools: What You Need To Do It Yourself Starting Problems: Engine Sputters In Cold Weather Replacement Parts: OEM vs Aftermarket Manufacturers: Ford Quality Is On The Rise Accidents: Collisions And Dealing With The Damage Shaking Problems: My Car Shakes When Braking Auto Financing: "Loan Shop" And Save Money Classic Car Buying Tips: Not Every Antique Is A Classic Performance Mufflers: Improve Fuel Economy & Engine Performance Won't Start: Fuel Pump Or Something Else? Salvaged Auto Parts: Sometimes A Real Money Saver Noises: Squeeks, Rattles And Crunches Engine Won't Start: Check Engine Light Is The Key Starting In Cold Weather: Does Wind Chill Have An Affect Car Warranties: Should I Buy The Extended Warranty? Environment Friendly: Is Your Car Green Enough Engine Parts: The Serpentine Belt Boosting Performance: Is A Supercharger or Turbocharger Better Winter Maintenance: Assault The Salt & Save A Headache Automatic Transmission Service: Common Problems & Maintenance Tips Fix Radiator: How To Repair Leaking Car Radiators Cooling Systems: Don't Lose Your Cool! Brake Repair: Disc vs. Drum Brakes Car Financing Scams: When To Walk Trade In Tips: How To Negotiate The Value Of Your Used Car Remote Starters: Buying & Installation Tips Car Buying Tips: Negotiating A Car Purchase Replacing Fuel Filter: How To Change Your Vehicle Fuel Filter

Leasing VS. Buying: Tips For The Consumer Posted by carsandtrucks on Monday, October 29 @ 11:24:19 PDT It is time to replace your current vehicle and you have just been quoted a monthly payment by the salesperson. You are feeling nausea overcome you as you consider signing the purchase agreement. You have to have transportation, what choice do you have. Well, there is leasing the vehicle. Leasing is another way to finance a vehicle but at a lower monthly payment. That is because at the end of the lease term you don't own the vehicle the leasing company does. Simply put leasing is paying for the portion of the vehicle you are going to use. At the end of the lease term (generally 36 months) you can either purchase the vehicle at a predetermined price, lease another vehicle or just walk away. When leasing rather then buying you are driving a vehicle that is in warranty throughout the term of the lease. Your vehicle expense is limited to maintenace only. If you are a person that desires a new vehicle every 2-3 years leasing is a great alternative. So why doesn't everyone lease? Well, because there are some negatives. You are limited to the amount of miles you can drive during the lease term. The mileage is usually 12000 miles per year. There is a penalty of about .15 per mile for every mile driven beyond the alloted mileage. If you drive 15000 miles or more per year this can get expensive fast. Also at the end of the lease you own nothing. Even though a vehicle is a depreciating assett there is still a value to the vehicle when it is paid off. This value can be used as trade in for your next vehicle or you can continue to drive it payment free. Buying vs Leasing is often about lifestyle. If you prefer a new vehicle every 2-3 years, expect to always make car payments, like the peace of mind of repairs being covered by warranty leasing may be for you. If you want to drive a vehicle you owe nothing on, have some trade equity then buying is the way to go. Either way take time to educate yourself on the pros and cons of each option.   Sales & Service Tips Random Photo

Site designed by Simple Solutions using Flies and Fins & Maine To Do marketing strategies.