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Pros and Cons of Leasing and Buying a Car

BUY The Pros and Cons of Leasing and LEASE Buying a Car Leasing • Lower monthly payments • Lower down payment • Drive a better car for less money each month • You don't own the car at end of lease • Higher insurance premiums • Lower repair costs as factory warranties cover most repairs • Mileage is limited to a set amount • Wear and tear charges can add up at end of lease No trade-in hassles at end of lease • Terminating a lease early can be costly Buying • Eventual ownership, freeing you from monthly car payments • Flexibility in selling or trading-in your car • Generally higher down payment than in a lease • Generally higher monthly payments than in a lease • After warranty, you are responsible for all maintenance costs • No penalty for driving excessively • Modify your car as you please • More money tied up in your car, which depreciates in value • Trade-in or selling hassles when getting rid of your car • If you treat your car well, it will last you for years. Sources: PRECISION POWERHOUSE'new-cars/leasing-vs-buying.php ENationalPositions Profitable Internet Mrketing

Pros and Cons of Leasing and Buying a Car

shared by InfographicMarketing on Apr 17
Transportation is needed for a variety of activities, from going to work to taking a trip to the grocery store. There are many different ways to get around, including driving a vehicle, taking the bus...


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