People raise different arguments regarding whether leasing or buying their dream car is the best way to go. Most of those who are behind the wheel already know why they leased or purchased an automobile. What about you, should you buy or lease a car? Here are comparisons to help you make the decision.

Monthly Payments

Monthly payments are notably different. With leasing, you pay each month the depreciation of the auto while for a bought vehicle, you pay each month charges for the car loan. The latter is definitely a bit more costly compared to the lease. Contrary, on the long-term, a lease is more expensive and requires that you have measurable income.

Travel Mileage

For a leased automobile, the lease company allows you so many miles that you should not go beyond. If you do, extra charges apply depending on how much you agree with the company. On the other hand, when you buy an auto, you are not limited to the distance you need to travel. You are free to go for as many miles per month as you want to depend on your schedule or work.

Repair Expenses

Both lease and buying involve the usual maintenance duties, vehicle upkeep, and auto insurance. Nevertheless, leasing a car excludes you from receiving large repair bills which vehicle owners get sometimes. With proper maintenance, such bills won’t be coming so soon.

Getting a New Car

This is one of the benefits of leasing a car. After every two years, you can give back the keys to the leaser and sign a new contract for a new and different model. It allows you the pleasure to ride current technology, explore new features, and different levels of comfort. Car owners, on the other hand, have the freedom to sell their vehicles any day and buy a new one. This does not happen so often. Most of them are comfortable to keep their cars for some more years.
Consequently, leasing a car denies you the freedom to make modifications to the automobile. You cannot easily accessorize the auto, neither are you allowed to keep it in imperfect conditions. A bought car allows you to add accessories and keeping it in a perfect condition is not a must. So if you like adding a little pimp on your ride, buy one, if not, lease one.

Buying and Selling the Auto

This is a great advantage to vehicle owners. You can get it cheaper if you are buying a used car. The dealer gives you a great discount on the depreciation. Moreover, you can always sell it out any time you wish. The pain with that is if you are trying to sell it on your own. It might pose some difficulty. Those who lease cars don’t experience this at all.

Bottom Line

Whether you should buy or lease a car will be determined by the experience you desire. A buyer has their experience, and one who leases has a different one. Compare the pros and cons of each, what suits you is what will work for you.…