Maintain your old Siemens Hipath system

Lease or Buy? That is Always the Question with Car Financing

Leasing is a perfectly viable and legitimate way to finance a new car. Although leasing offers attractive benefits, it is somewhat more complex than buying with a loan. This means there can be pitfalls if a decision to lease is made for the wrong reasons.

Therefore, a comparison of leasing versus buying is always a useful exercise when considering automobile financing. One option will generally be decidedly better than the other in any specific situation.

Let's first look at the financial side of the analysis.

Leasing always results in lower monthly payments than a conventional automobile loan, assuming the same vehicle, same down payment, same interest rate, and same term. Lease payments will be as much as 60% less than loan payments. Therefore, if monthly payments are your most important consideration, leasing is a good financial option (although there may be other reasons you shouldn't lease -- see below).

However, in the long term, leasing actually costs more than buying assuming that the buyer keeps his/her vehicle for a long time after the loan has been paid. It doesn't take rocket science to figure out that leasing a new car every two or three years costs more than buying one car and keeping it until it falls apart. So if long-term cost is your highest priority, then leasing is not for you.

Even if leasing makes financial sense to you, there may be reasons that it won't work for you.

If you drive more than about 15,000 miles a year, leasing is not a good option for you. The reason is that leasing is designed for people who typically drive only average miles and don't want to pay for the entire value of a vehicle. They only pay for the relatively small part of the value of the vehicle that they actually use.

Leasing may not be a good option, too, if you don't typically maintain your vehicles well, carry only minimum insurance, like to modify your vehicles, or prefer the idea of ownership.

Furthermore, if you expect lifestyle changes (marriage, divorce, job change) that might cause you to want to end your lease before its normal end date, don't lease. Leases are designed in a way that makes it both troublesome and expensive to terminate early.

Al Hearn is owner and operator of LeaseGuide.com (http://www.LeaseGuide.com), a popular web site for automotive consumers interested in leasing. The web site has helped thousands of visitors since 1995.

In The News:

Russia claims 265 Ukrainian soldiers 'surrender' at Mariupol steelworks
Mon, 16 May 2022 22:30:00 +0100
Russia has claimed more than 250 Ukrainian fighters who were holed up in the Azovstal steel plant in Mariupol have surrendered.

Biden urges all Americans to reject 'poison' of white supremacy after Buffalo mass shooting
Tue, 17 May 2022 17:17:00 +0100
Joe Biden has called on all Americans to reject the "poison" of white supremacy following a "racially-motivated" mass shooting at a US supermarket.

Drug smuggling tunnel with railway track found under US-Mexico border
Tue, 17 May 2022 05:41:00 +0100
US officials have discovered an underground tunnel about the length of five football pitches used to smuggle drugs from Mexico to a warehouse in California.

Remains of teenage girl found 13 years after she disappeared on holiday
Tue, 17 May 2022 09:51:00 +0100
The remains of an American teenager have been found more than a decade after she went missing on holiday - and a convicted sex offender has been charged with her murder.

Training for war: Sweden strengthens military muscle in face of Russian aggression
Tue, 17 May 2022 18:29:00 +0100
On the island of Gotland, they're training for war.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Landlord Tips And Tricks

Every real estate investor dealing in rental homes has done... Read More

Insiders Guide to Snaring the Best Lease Deal

Every year, thousands of business owners and financial managers are... Read More

Pricing Your Apartments

How do you fix a price point for an apartment?... Read More

How Venture Leasing Added Millions To A Startups Equity Value

Craig Berman beamed noticeably after completing his board presentation. Berman,... Read More

Terms to Know Before Leasing A Vehicle - Leasing Jargon Simplified

So, you've decided that you want to lease that next... Read More

The Leverage of the Lease

In today's rapidly changing business environment it makes sense to... Read More

The Lease And Purchase Option

If you have an investment property, should you rent it... Read More

Increase Your Business Growth and Cash Flow Through Equipment Leasing

"If it can be manufactured, it can be leased." For... Read More

How To Choose An Equipment Leasing Company

Leasing has become a preferred form of equipment financing, accounting... Read More

Basic Things You Should Know About A Lease Purchase Contract

What exactly is a contract?By definition, a contract is an... Read More

Explore An Effective Revolutionary Approach To Traditional Business Financing

For business owners who need working capital now there is... Read More

True Tenant Tales, Volume One

Working with tenants can be an amazing experience. (Owners and... Read More

With a Lease, The Devil Is In The Details

In the last article we looked at a few of... Read More

Ten Ways Start-ups Use Venture Leases And Loans To Generate Millions

The rise of venture leasing and lending has created an... Read More

What to Consider Before Leasing a Car

Some people choose to lease a car rather than buying... Read More

Leases And Tenants - The Spooky Tenant

You, Mr. Landlord are pleased to find qualified tenants for... Read More

What Happens When the Anchor Tenant Moves and You Are On a Ten-year Lease?

Recently there was an article in the Houston Business Journal... Read More

Lease Contracts - The Meaning of Joint and Several

When you see the phrase "joint and several" in a... Read More

Venture Leasing: Startup Financing On the Rise

According to Pricewaterhouse Coopers, investment by institutional venture capitalists in... Read More

So You Want to be a Landlord?

The residual income from owning rental properties may bring more... Read More

Venture Leasing - A Smarter Way To Build Enterprise Value

In 2003, venture capitalists and investors dispensed over $18 billion... Read More

Using Equipment Leasing as a Competitive Weapon

Most great generals know how to design winning battle plans.... Read More

Getting Your Venture Lease Approved

Each year venture capitalists fund more than 2,500 start-up companies... Read More

Lease or Buy? That is Always the Question with Car Financing

Leasing is a perfectly viable and legitimate way to finance... Read More

Ten Ways to Save a Bundle on Your Next Lease

According to the Equipment Leasing Association ("ELA"), U.S. businesses lease... Read More