Special Finance Auto Leads - To Lease Or Purchase, That is the Question

Buying a new car can be an exciting, exciting time. However, the issue of payment is everything. While most consumers do not have the money to pay upfront for a car, two other forms of payment are both quite popular. Leasing and financing are the two most common ways to get a new vehicle. But how do you know which method is right for you? What does each offer? Both methods offer advantages and disadvantages; Here is a quick collapse. Auto Leasing: On the surface, leasing a new car is the least expensive way to buy a car. In addition, you often find that their monthly payments are lower than if you financed your car. You can trade your car in easily at the end of the lease and get driving newer vehicles on a regular basis. This is a great choice for those who want a new set of wheels every two years. However, leasing a car is much like renting an apartment. We pay cash every month for something that will never own. Because you will never own the vehicle, leasing is actually more expensive than buying a vehicle. When you finance a car, your payments end at some point. Not so with car leasing. In addition, the lease has some other disadvantages. Extremely low annual mileage is one of them. If you go over the mileage specified in the lease, you should pay for it. Also, you must pay for any damage to the vehicle upon termination of the lease. This can quickly add up to a wallet-draining experience.

Financing Auto: Financing your car seems to be more expensive than leasing. However, it has important advantages. First, you really own your car, when the last payment. Second, you can drive your car as you want - it's yours! Finally, funded payments can be almost as low as a few rents, depending on your credit score, you advance and the company with which finance your car.

Auto Financing has some disadvantages as well. First, the guarantee will expire eventually. While leases are usually always covered by manufacturer's warranty, financing a vehicle is different. Your warranty will expire at some point (usually at the point where you need it most). Once that happens, any repairs will be out of pocket.

Second, funding may be more expensive in the beginning. While you can often reduce the amount of your monthly payments with smart purchases and contracts of employment, such payments could still be more expensive than a rental. However, the savings offset the initial cost when you pay off the car.

Both leasing and offer viable alternatives for those who are in need of a new car. The budget for your driving needs and personal wishes will dictate which method you choose at the end. Whatever method you choose, shop around for the best deal and you'll be much happier with the outcome.

SpecialFinanceLeads.com is the nation's premier source for special finance auto leads.

SpecialFinanceLeads.com trusted by thousands of delegates at the national level to meet and exceed their sales quotas. With advanced credit scoring, real-time lead delivery, efficient pricing and no startup costs, and thousands of satisfied customers, SpecialFinanceLeads.com is your best source for leads subprime car.