Is It Better To Buy Or Lease A Car?

The first thing you do when you want a new car is to sit down at your computer to do a little bit of research. You know buying a car isn’t as easy as buying groceries. You do a lot of research into the type of car you want to make sure you’re actually getting a good deal.

You’ll also do some research into the dealerships around town. You want to make sure you’re getting the best price for the car you’re looking at. After all the research is done and you’re ready to pick your car, there is still one big decision to make. You will have to decide if you’re going to buy or lease your next vehicle.

Should You Buy or Lease a Car?

Leasing your car seems like an attractive option at first. You will often have lower monthly payments because you’re not paying for the entire value of the car, just the depreciation value. A lease also means you’ll never be “upside-down” on your car, meaning you’ll never owe more than your car is worth. Your leased car is likely going to be under a warranty so you won’t have high repair costs. The downside is you are stuck with the car you get and have set terms on how you can use your vehicle. There is no room for customization with a leased car.

The other option is to buy your car. The nice thing about this option is the car becomes yours. You don’t have to return it after a few years. You can customize it to your heart’s content. It’s also nice to be able to drive your car as much as you want. There is a lot more freedom when you buy a car, but all the problems and repairs are left on your shoulders.