Buying a car is one of the biggest purchases that you can make – it’s wise to look at all of your options.
If you’re in the market for a new car, there are a lot of options to consider. From the make to the model to the color, to the safety features – you then have to decide if you should buy or lease. This is quite a significant financial decision to make, so it’s important to look at all of your options as well as considering your financial future.
Here’s what to consider when buying or leasing!
Your monthly cash flow. Leasing a car often has a lower monthly payment compared to financing a car with the same loan terms, since with a lease you’re paying for the depreciation of the car during the years you have it. If you have a tight budget, leasing may be more favorable.
Available savings ...