A car lease gives you a brand new car for a low monthly payment; what’s not to like? For most people, the only benefit of leasing is driving a bright and shiny new car. With a lease, you’ll never be able to truly own your car, so your payments may not ever pay off. Here are more of the advantages of buying over leasing.
With hundreds of different cars on sale, it can feel daunting to find the chosen one. Make sure you have the right budget, do your research, test drive…a lot, and, if you need a loan, find the one that works best for your finances.
Leasing a car gets a bad rap—often with good reason. But there are certain circumstances when leasing a car makes sense. 5 reasons you should lease a car.
New cars depreciate in value the minute you drive them off the lot, so is getting a new car worth it? Or should you stick with buying used?
When shopping for a car, most people focus too much on price and not enough on financing terms. Avoid these mistakes and save a ton of time and money.
Paying off a car loan early is a good idea if your loan has a high interest rate and your credit score is strong. It might be unwise if your loan’s interest rate is low, your credit score is low, or if the payment will compromise your emergency fund.
Should you lease or buy your next car? You’ll always save by buying a used car and driving it as long as possible. But if you “have to have” a new car, there are pros and cons to both buying and leasing to consider.
When calculating net worth, should you count your car as an asset? Yes, but only if you use a current — and realistic — depreciated value.
Save serious money on auto financing by leveraging competing loan offers at the dealership, making at least a 20% down payment, and keeping the loan term as short as you can realistically manage. Oh, and — of course — don’t buy more car than you can truly afford.
Buying a used car in 2024 is hard but not impossible. Sure, prices are high and inventory is low — but amazing deals can still be found (or negotiated) — if you can master the car-buying process.