There is a great deal of misinformation circulating out there regarding car leases and whether or not they provide car shoppers with a good deal. The reality is that there are pros and cons to both leasing and buying a car. This is related to the fact that everyone has a different situation and reason behind needing a new car. If you are going to be driving cross country several times a year in your own car, then a lease might not be for you. If, however, the prospects of lower monthly payments and the opportunity to drive a brand new car every few years are appealing, then a lease is worthy of your consideration. To help guide your decision, consider the following pros and cons of each before you sign that contract and drive away in your new car.
Cons of Buying a New Car
There are certainly some disadvantages to owning your own car. Here are three of the more commonly cited reasons why people often shy away from this option.
Cons of Leasing a New Car
Pros of Buying a New Car
Pros of Leasing a New Car
This is quite a bit of information to take in, but the bottom line is that leasing does have its advantages. Take your time, however, to consider what is best for you and your family before making your final decision. The important thing is to end up with a car that you love and with payments that you are happy with.