To Lease or To Buy?

TO LEASE, OR TO BUY? WHAT'S THE DIFFERENCE? LEASING BUYING Like renting an apartment Like purchasing a house Keep vehicle for term of lease (Usually 2-3 years) Keep vehicle as long as you want Payments cover depreciation only Payments cover total vehicle value LEASING PROS AND CONS V PROS Low monthly payments Trade in vehicle after lease term X CONS Pay extra for any mileage not allotted in agreement You don't own the vehicle BUYING PROS AND CONS V PROS You own the vehicle after any loan is paid Insurance is less expensive go X CONS Higher monthly payments You can't easily exchange the vehicle WHICH IS RIGHT FOR YOU? YOU SHOULD YOU SHOULD LEASE BUY IF YOU IF YOU Need a low down payment and monthly payment Can handle a bigger down payment and monthly payment Puta lot of miles on your car Don't drive more than 15,000 miles per year Plan to drive the same vehicle for 7+ years Like to get new cars often SOURCES: INFOGRAPHIC PROVIDED BY www.smartmoney.com/calculator/autos/buy-or-lease-a-car-1 302833645461/ www.edmunds.com/car-buying/compare-the-costs-buying-v s-leasing-vs-buying-a-used-car.html www.kiplinger.com/article/cars/TO09-CO04-S001-five-myths-a bout-leasing-a-car.html INFINITI. www.investopedia.com/artides/pt/05/042105.asp www.COASTINFINITIDEALERSARASOTA.COM