As adults, occasionally there are things we do that make us miss the good ole days of being care and debt-free. Shopping for a new home and new cars are two such things. When looking for a new car, a major decision that needs to be made is either to lease or to purchase. There are a lot of factors, but they boil down to 2 basic choices.
Leasing will be a smaller monthly payment and more car than would be affordable if purchased outright. It will also have little to no maintenance costs during the term of the lease.
In buying a car, you have more options available in modifications of the vehicle. You are not restricted to any set number of miles driven. Finally, at the end of the car loan, you own it. You can sell, keep or trade it in towards a new car.
I like the idea of buying a car, because if I'm going to pay for something, I want to be able to get exactly what I want and be able to own it at the end.
This will be a great analysis--and useful to everyone.
ReplyDeletethis is a really good subject for a compare and contrast essay, having had to make the choice between leasing and buying myself recently, it is especially poignant.
ReplyDeleteA very practical topic, I agree that if you are paying for something it should be exactly how I want it.
ReplyDeleteI thought this was intresting and an eye opener. Good choice.
ReplyDelete