subject: Buy a Car Alternatives [print this page] It's the classic dilemma that consumers abandon any car out there: cash advance or property and the monthly settlements instead of individuals? Buy or lease a new car? As with every other common dilemma, the answer is not easy. Each option has advantages and disadvantages, and everything depends on a series of personal and economic criteria. First, your finances. Affordability is clearly dominant, and will have to ask, how stable is your job and how healthy is your overall financial situation. The current monthly rental costs are much lower monthly payments at the market: the only part of the cost of vehicles used during the year they will pay. If you can pay a lot of money upfront, then select the withholding tax on sales - in cash or rolled into a loan - and the rate charged by the lender. Buying effectively gives ownership of the car and the feeling of riding is that the transport service. If, for example, want to get into luxury models but not the money to purchase the vehicle, such as a good candidate for leasing. Contrary to believe that this gives the option of placing in a bag of advance to pay a lower money factor is very similar to the percentage of funding a loan. However, these benefits come at a price: terminating the contract before default or monthly rents will lead to severe financial penalties and can ruin your credit. Make sure you have at least the budgeted monthly rent for the foreseeable future, at least for the duration of the lease. Besides the economic aspect, which depends on the decision to buy or rent in the lifestyle and preferences. Think about what the car means to you: You're the kind of person that links to a car or prefer the excitement of something new? If you have a car for more than five years, negotiate carefully and buy the car and drive. If on the contrary, I like the idea of personal responsibility and prefer to drive a new car every two or three years, then you should rent. Next factor your transportation needs: How many miles per year do you drive? How well do you know your cars? If your answer is: I drive 40,000 miles per year, and now really looking forward to my car, I do not meet repair bills, then you are probably better to buy. Leasing is a limited mileage, usually no more than 12,000 to 15,000 miles a year, and estimates of the damage. If you are within the limits prescribed kilometers and can keep the car in good condition at the end of the lease, can cause serious end of the rental cost.
