Benefit of Leasing a Car vs Buying

When learning how to handle your money even things such as buying or leasing a car is important. Learning the ins and outs of buying vs leasing a car can help you save a lot of time as well as money.

Financial Impact

  • Usually there are no down payment 

  • You make the first month payment

  • You Pay for title and registration

  • Pay lower sales tax 

  • Monthly payment are usually lower 

  • Get afford to get a nicer car due to monthly
          payment being low.

  • You will not have to pay for major car repairs because the car will be under warranty.

  • Can receive tax benefits if you use the car for business

Disadvantages of Leasing a Car

  • If you terminate the lease early it can most definitely effect your finances

  • At the end of the lease you will have to pay an overage charge if you have exceeded the mile limit

  • You will be charged for any alterations you made to the car

While thinking about leasing a car, I came across a site that I thought you might enjoy. 

If you need additional information on leasing a car consider visiting this leasing guide site.  

I learned a lot from it but I am not endorsing it.  If you decide to visit it, please do so at your own 

risk.






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                       Hi, I'm Abbie.
                       Your financial 
                       education tutor.

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