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Buying a new vehicle can sometimes be overwhelming. These days, signing the paperwork for a new car feels like buying a house versus a set of wheels. Before you get to that, however, it’s important to know which payment method you will choose. Aside from cash, you have two primary options: financing and leasing.
In recent years, leasing has been strong and there are many benefits to it. When I used to sell cars, leasing was a lot like “declawing the monster.” Despite some of the horror stories out there, leasing is a great way to go.
Still, it might not be the best option for you. In that case, financing comes into play, and that has benefits too. Which one is right for you" Our list should help you decide. Keep in mind, it’s aimed at new cars. If you are buying something pre-owned, see our comprehensive guide before taking your first test drive. Leasing Advantage: New Every Two
If you are a person who likes the latest and greatest, leasing is definitely for you. Every two or three years, you are looking at a shiny, new vehicle. Leasing is a sure fire way to prevent boredom with what’s in your driveway.
If safety is one of your biggest concerns, leasing ensures you are always getting the most updated and advanced safety technologies. Same goes for fuel economy. You will always have the car with the latest, most efficient engine advancements.
Financing Advantage: Emotional Attachment...