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Title Buy Or Lease A New Car
Submitted : March 19, 2010 Word Count : 517 Popularity: 178

Category Article Directory | Cars And Trucks

Summary It's the classic dilemma that faces every car buyer out there: Pay cash up front or forego the ownership and pay monthly settlements instead Buy or lease a new car this is the question. [Read Full Article]

Keywords cars,auto,vehicles,

Article Link http://www.articleonlinedirectory.com/297025/buy-or-lease-a-new-car.html

<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01 Transitional//EN' 'http://www.w3.org/TR/html4/loose.dtd'>; <html><head><title>Article Directory Online : Free Online Article Submission - Articleonlinedirectory | Buy Or Lease A New Car</title></head><body><h3>Buy Or Lease A New Car</h3> By: It's the classic dilemma that faces every car buyer out there: Pay cash up front or forego the ownership and pay monthly settlements instead Buy or lease a new car this is the question. As is the case with every other common dilemma, there is no easy answer. Each option has its own benefits and drawbacks, and it all depends on your financial and personal situation. Firstly, your finances. Affordability is clearly the key, and you need to ask the question of how stable is your job and how healthy is your general financial situation. The short-term monthly-cost of leasing is significantly lower than the monthly payments when buying: you only pay for "the portion" of the vehicle's cost that you use up during the time you drive it. If you have a lot of cash up front, then you can opt to pay the down payment, sales taxes - in cash or rolled into a loan - and the interest rate determined by your bank or loan company. Buying effectively gives you ownership of the car and that feeling of "free driving" that goes on providing transportation. If, say, you want to get into luxury models but can't afford the upfront cash of purchasing the vehicle than you're a good candidate for leasing. Unlike buying, it gives you the option of not having to fork out the down payment upfront, leaving you to pay a lower money factor that is generally similar to the interest rate on a financing loan. However, these benefits have a price: terminating a lease early or defaulting on your monthly lease payments will result in stiff penalties and can ruin your credit rating. You need to make sure you can afford the monthly lease payment in your budget for the foreseeable future, at least for the duration of the lease. Besides the financial aspect, making a buy or lease decision depends on your own particular lifestyle choices and preferences. Think about what the car means to you: are you the sort of person to bond with the car or would you rather have the excitement of something new. If you want to drive a car for more than fives years, negotiate carefully and buy the car you like. If, on the other hand, you don't like the idea of ownership and prefer to drive a new car every two to three years then you should lease. Next, factor your transportation needs: How many miles do you drive a year. How properly do you maintain your cars? If you answer is: "I drive 40,000 miles a year and I don't really care much about my cars as I don't mind dealing with repair bills", then you're probably better off buying. Leasing is based on the assumption of limited-mileage, usually no more than 12,000 to 15,000 miles a year, and wear-and-tear considerations. Unless you can keep within the prescribed mileage limits and keep the car in a good condition at the end of your lease, you might incur hefty end-of-lease costs. Author Resource:-> <a href=http://www.cars-dublin.com>Buy cars for sale in Dublin</a> offered by <a href=http://www.cardealersonline.ie>Buy Cars from Car Dealers Ireland</a> Article From <a href='http://www.articleonlinedirectory.com/'>Article Directory Online : Free Online Article Submission - Articleonlinedirectory</a> </body></html>

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