Decisions at the Dealership: Buying vs. Leasing

DECISIONS AT THE DEALERSHIP: BUYING Vs. LEASING IF YOU BUY YOU WILL ENJOY: YOU WILL ENCOUNTER: SS CUSTOMIZATION HIGHER INITIALS COSTS Choose the features you want and make changes to your car You will have to make a down payment, and will likely pay more each month on your car as you wish loan than you would if you leased MORE REPAIR COSTS Once your warranty is up, you will be responsible for any OWNERSHIP At the end of your loan, you will own your car outright and will be able to resell, donate, or gift it whenever you want necessary repairs SALE LOWER COSTS OVER TIME MORE HASSLE Once you own your car, you won't have to worry about monthly payments and may be able to get lower-cost insurance i You will have to go through the effort of selling or trading in your car when you are ready for a new one IF YOU LEASE YOU WILL ENJOY: YOU WILL ENCOUNTER: UPGRADES COMPLICATED CONTRACTS Lease a brand new car every Take time to research and learn two years, enjoying the latest safety and technology features about unfamiliar terminology to make sure the contract is one you want to agree to 30000 LOWER MONTHLY LIMITATIONS PAYMENTS You'll have a mileage limitation that may be pricey to increase You'll pay less than you would with a loan, and may not have to make any down payment CONVENIENCE HIGHER LONG-TERM COSTS You won't have to worry about trading in your old car when you want a new one Leasing for several years generally costs more than purchasing a single car PROVIDED BY: KIA Cape & Islands www.CAPEISLANDSKIA.COM Sources: www.edmunds.com/car-leasing/should-you-lease-or-buy-your-car.html www.consumerreports.org/cro/2012/12/buying-vs-leasing-basics/index.ht !!!!