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Me and My Car

December 15th, 2015 Posted in Financial News
Buying a car can be one of the most exciting decisions you will ever make and one of the most confusing. How do you decide whether to buy a new or used car or whether you should purchase or lease it? Consider the advantages and disadvantages of each option to decide what is best for you.

Should I Buy New or Used?

Some people buy used cars all of their lives and others prefer to buy new. It’s an individual choice based upon many factors. Below are some of the pros and cons of buying a new or buying a used car.

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If you’ve decided on a new car, research your car choices, research your car prices and get pre-approved for a loan. If you are leaning towards a used car remember to research your car choices, get pre-approved for a loan, test drive the cars and negotiate the price.

Should I Buy or Lease the Car?

Another important decision is whether to buy or lease your vehicle. You might consider leasing a car instead of buying it with a loan. While buying a car makes you the owner, leasing is a way of obtaining a car for a set period of time without owning it.

Some of the considerations you should look at when deciding whether to buy or lease a car follow:

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