Leasing Vs. Buying A Car

Have you ever thought of leasing a car insted of buying a car? There are many differences between leasing and buying a car. Some people preffer to buy a car of their own but, is it really the right decision to make? There are many advantages to leasing a car including lower monthly payments, you may be able to drive a better car for less money a month, lower repair costs, and you are able to drive a different car every so often. Leasing a car may save you money monthly because the monthly payments are lower than having your own car. You can lease newer and nicer cars. There is lower repair cost for a leased car. With a leased car every two to three years you can get a different car but still be paying lower monthly cost than owning your

These advantages include you not having to worry about early termination, you get to keep the vehicle as long as you want, allowed to drive as many miles as you want, able to customize your vehicle, can sell or trade vehicle at any time, pride of ownership, and increased flexability. Early termination happens when you want to get out of a lease before the lease is over. An example of early termintaion would be I lease a car and agree to lease for three years but, after one year I decide I don’t want this car anymore and now I have to pay early termination fees. When you buy your own car you can buy or sell whenever you would like so early termination wouldn’t be a problem. When you buy a car you can keep the car as long or as short as you want. With buying a car you can drive over the whole United States and don’t have to worry about a certain mile limit you can have as many miles as you want. When you buy a car you always have the option to customize it. Say you want an awesome paint job for your car you can do that. With a bought car you can sell or trade it anytime you want but with a lease car you don’t own the car so you can’t sell it. We can all say that we take pride in something maybe a car perhaps. With your own car you can take it anywhere and whenever and you can customize it to your liking, all of that would fall under increased flexability. You also don’t have to worry about wear and tear on the

Some disadvantages are early termination fees, you only have the car for a certain amount of time, can’t customize, limited miles, confusing lease contracts, leasing is more expensive in the long run, you don’t own the car at the end of a lease, and wear and tear adds up. If you want to terminate the lease early there is early termination penalty fee. After a certain amount of years the lease ends and you have to get a different car. With a lease all customizations must be removed or fees will have to paid to take the customization off. With a lease you have a limited amount of miles you can drive. Leasing contracts are just plain out confusing that’s all I can say. Leasing fees add up and do become more expensive than buying a car and with buying a car you can drive it as long as it keeps running. Even though you are comfortable with the car you will have to give it up at the end of the lease. You will have to watch wear and tear on the car because at the end of the lease you will have to pay fees for the wear and