What to Know Before You Finance or Lease Your Next Car
Smart Car Shopping: Financing, Leasing, and Negotiation Tips A little preparation can go a long way when purchasing a vehicle. With the right approach, you can save money, improve your negotiation power, and secure a deal that best fits your needs. Financing vs. Leasing: Which is Right for You? One of the first decisions to make when acquiring a vehicle is whether to finance or lease . Both options have their benefits and drawbacks. Financing: Long-Term Ownership and Flexibility If you plan to keep your car for many years , financing might be the better choice. This option allows you to: ✔ Spread payments over several years ✔ Own the vehicle outright once the loan is paid off ✔ Drive unlimited miles without restrictions ✔ Sell, trade, or modify the car as you please Once your loan is paid off, you’re free from monthly payments, making this a great long-term investment. Leasing: Lower Payments and Short-Term Convenience Leasing may allow you to drive a higher-end vehicle for a si...