Buying or leasing a vehicle – Which is the best option?
Buying Or Leasing Your First Vehicle? Purchasing a new or used vehicle is one of the necessary expenses which we face. If you find it too daunting to save money to buy a vehicle, you can consider vehicle leasing. But not everyone can consider leasing a car. Know that leases are usually cheaper for the short term but when it is for the long run, buy a car to save money. Weighing the pros and cons of buying and leasing a car will help you make the right decision for you and your family. What's the significant difference between buying and leasing a car? Leasing a vehicle is a contract whereby one party permits another party to use the vehicle for a specific period in exchange for periodic payments like monthly instalments . If your agreement has the option to purchase the car at the end of the contract, then you can carry it out. So, what's the difference between financing and leasing a car? You are purchasing a car with the loan, but you are also paying monthly paym...