Are you in the market for a luxury car" Or a beater" Or maybe something you intend to keep till it’s a beater" Are you dutifully committed when it comes to vehicle-related responsibilities, or are you flakier than a fresh-baked croissant" When it comes to getting a vehicle, there are a lot of moving parts to leasing and financing. The choices you make will vary depending on which car or truck you’re after and even which dealer you visit to make your potential purchase. Setting aside these inner workings, there are some broad things to consider when weighing whether to lease or to buy.
We received some tips from Daniel Blinn, a Connecticut attorney who specializes in automotive financing and other consumer issues. He offered a list of considerations based on what most automakers and dealers offer?and what elements are baked in to what they offer?when you shop for a purchase or a lease. Consider these as guidelines, not hard and fast rules. Reasons to Lease:
You want a new car for a (relatively) cheaper monthly cost. This is the most common reason people lease cars and trucks. They want the latest model available, and the monthly payments are cheaper through leasing. Professionals who want to project a certain air of success tend to lease for this reason, Blinn noted. One thing to keep in mind, however, is that while the cost of leasing could be cheaper on a monthly basis, hidden fees are sometimes tacked on that actually make it more expens...