Many drivers wonder what leasing a car really involves. It can feel frustrating and stressful trying to figure out what you truly can afford and what makes sense for your budget. What are the advantages of leasing a car as opposed to buying one?
If you’re wondering this question, then read below to get quick tips that can help you make the decision today. Keep in mind, that at the heart of trying to decide whether you should buy or lease is the amount of money you can spare for a car, how long you plan to lease the car and your current driving lifestyle.
Intrigued? Read on!
PROS: Buying a Car
Drivers who are leaning toward buying a car should remember there are several great outcomes, most importantly perhaps being that you are adding an asset to your wealth portfolio that can be used as collateral in the future. Other pros:
CONS: Buying a Car
With great attributes to consider, buying a car also has a downside. Here are a few:
PROS: Leasing a Car
Leasing a car has many pros, of which most are about making it easier for you and saving you money:
CONS: Leasing a Car
There are several cons to leasing a car, as follows:
You Can Have a Car Today!
Those new car keys could be yours today by signing a lease. Remember these tips as you make your decision and read all of the fine print of your contract. Many leases have mileage limits—so you’ll want to make sure you don’t go over!