Tips On Car Leasing VS Buying

If you want to get a new car and you are having trouble deciding between car leasing vs buying, you have come to the right place. Each option has pros and cons, so here are some quick tips that should help you make your decision.

You should lease if:

• High monthly payments scare you
• You will want to get a new vehicle every few years without the hassles of selling/trading-in
• You do not want to be bothered with paying for a vehicle's maintenance
• You do not drive many miles per year (over 15,000)
• You know how to take care of a car
• You do not want to make a large down payment
• You want to save some money on taxes
• Car depreciation scares you

You should buy if:

• You do not mind generally higher monthly payments
• You have some extra money for a down payment
• You hope to one day be free of monthly payments
• You want to get the absolute most value for your money
• You want to modify your vehicle (install aftermarket parts, do some bodywork, etc.)
• You do not have problems with selling/trading-in the car once you want a new one
• You plan to put a lot of miles on the car
• You may put some excess wear and tear on the car

Car leasing vs buying is a debate which can only be solved once you analyze your financial situation and driving needs. There may be facets of each option that you like, but you'll have to go with the option that fits you best. Think about which option will save you more money and make you happier at the end of the day. Then, you should be able to make the right choice!