Car Buying Tips

Buy or Lease?


Trying to decide which direction to go? Consider the following suggestions:

Consider buying if:
  • You do a lot of driving. Most lease contracts limit the number of miles you can drive to 9,000, 12,000 or 15,000 a year.
  • You take pride in vehicle ownership.
  • You plan to modify your wheels.
  • You like servicing or upgrading your own car.
  • You're interested in accruing equity on your vehicle.
  • You either don't want to make ongoing car payments, or you want a finite end to them.
Consider leasing if:
  • You prefer lower monthly payments and desire flexibility in designing a payment schedule.
  • You want to put little or no money down.
  • You like to drive a “new” vehicle every two to four years.
  • You want the latest technology and safety devices.
  • You need a new vehicle in order to make a good impression.
  • You're open to a potential credit check.