There are benefits to both buying and leasing a car. Buying and leasing depends on each person's wants and needs. If you are deciding between buying and leasing a car, look at these facts to help you make your decision.
Buying a car is the right choice for the person looking to purchase outright, or someone who is looking to build up equity. Most people take out a loan to pay off a car, and those payments will gradually build up equity. This equity can then later be used when making future purchases.
Leasing a car is the right choice for someone who wants lower monthly payments. When leasing a car, the payments are typically lower than when buying a car. This option is perfect for the person who does not care to build equity, but desires lower monthly payments. You will also have the option to purchase the vehicle after the lease term is up. If you are deciding between leasing and buying a car talk to someone at the dealership to get more advice on what is right for you.
