Buy vs. lease - What's right for you?
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The decision to buy vs. lease depends on your lifestyle, finances and what's most important to you. What's right for one person can be totally wrong for another. Here are some points to consider when making your decision.
Leasing may be a good choice if you:
- enjoy driving a new car every two or three years
- want lower monthly payments
- like having a car that has the latest safety features and is always under warranty
- don't like trading and selling used cars
- don't care about building ownership equity
- have a stable predictable lifestyle
- drive an average number of miles
- properly maintain your cars
- are willing to pay more over the long haul to get these benefits
- understand how leasing works (tax benefits, open vs. closed, etc.)
Financing may be a good choice if you:
- don't mind higher monthly payments
- prefer to build up trade-in or resale value (equity)
- like the idea of having ownership
- like paying off your loan to be payment-free for a while
- don't mind the unexpected cost of repairs after warranty has expired
- drive more than average miles
- prefer to drive your cars for years to spread out the cost
- like to customize your cars
- expect lifestyle changes in the near future
- don't like the risk of possible lease-end charges
If you would like more information on financing and leasing, contact Best Price Express at 604-282-7778 (Toll-free at 1-888-988-3977).
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