Posts tagged ‘leasing a car’

Buying vs. leasing analysis

Written by
Categories: Vehicle Financing
Tags: , , , , ,

When you are in need of a car you might encounter the situation wherein you need to decide whether to buy a car through a car loan or get a car lease. The decision that you would make should not only based on which of the two options has affordable rates. You also need to consider your preference on how to obtain the vehicle and how you would drive the car.

Outcomes of buying and leasing

When you buy a car through financing, you need to obtain loan that usually lasts for 3-5 years. Within this period, you would be paying monthly payments and interest rates. However, you get the ownership of the vehicle as soon as you pay the loan off. In case you want to sell the car you have all the right to do so and enjoy whatever profit you earned from the sale.

Leasing a car on the other hand also involves monthly payments and interest rates. The term of the lease would also be similar to car buying but leasing has different outcome. As soon as the lease term ends, you are required to return the car. This simply means that you don

6 Disadvantages of a car lease

Written by
Categories: Vehicle Financing
Tags: , , , , , , , ,

Car lease is a common option for individuals who are not capable of buying a car. This is also an option for individuals who want to switch vehicles every now and then. Just like buying a car through a car loan, lease involves monthly payments, interest rates, and credit checks. There are also differences between the two. In financing a car purchase through loans, you can actually own the car as soon as you pay the loan off while in leasing you need to return the car to the leasing company where you obtained it when the lease term ends. Besides these, there are other disadvantages involved in a car lease. Some of these are included in this article to provide you with greater understanding and this includes the following.

Payments and costs involved

Leasing a car is actually expensive compared to buying a vehicle through auto loans. This is because there are many fees involved in leasing that are not found on car loans. These fees include leasing costs and financing charges.

Common car lease costs

Written by
Categories: Vehicle Financing
Tags: , ,

Car lease is a good option for individuals who want to change cars frequently. This is also a good option for car buyers who are not capable of buying brand new or used cars of their own. However, the costs involves in leasing a car depends on the type of vehicle that is subjected to lease. In case you are planning to lease a car, it is still important for you to do the research most especially on the type of cars that you are interest to lease. The cost of leasing should also fit your budget so as to avoid further complications. In order to provide you with the idea on the expenses involved in a car list, some of the common costs of leasing are enumerated below.

Cars below $17,000

There are cars that are offered for lease that would cost you about $17, 000 dollars or below. A good example of this is the Ford Focus. This is a four door sedan with good fuel economy and style suitable for daily use. The Focus has also a roomy interior that is capable of accommodating up to five passengers in case you need a vehicle for the family. As of 2010, the Ford Focus can be leased for about $195 per month. However, the monthly payment involved can still vary depending on the deposit that you would provide.

Cars $29,000 and below

You can also lease a car with a budget of about $29,000. With this amount, you can actually lease a vehicle such as the Toyota Prius. This vehicle is noted for its impressive fuel economy and spacious interior which is suitable for personal and family use. The common cost involved in leasing a Prius in 2010 is between $200 and $280 per month. The price however varies according to the credit score you own as well as the place where the vehicle is leased.

Cars above $40,000

In case you have a budget of $40,000 for leasing a car, you can actually lease a luxury vehicle such as the 2010 Porsche Carrera Cabriolet. This vehicle usually involves a lease price of $1,195 per month. Besides this, you can also lease a BMW 335is for an estimated cost of $659 per month on a 36-months lease term.