Are you the type of person who falls in love with their car and treats it akin to their partner? Do you feel an emotional connection with your ride? Or are you less fanciful and tend to keep your emotional attachments to people and pets? Where your biggest concern is surviving the inflation of 2022 and nothing but saving a few dollars and cents here and there is all that counts. If you’re in either camp, you’re more likely to be confused about whether to purchase your next car or lease it. Today, we weigh the pros and cons of both.
2. Choosing
whether to lease a
new vehicle
instead of buying
it largely comes
down to
priorities. For
some drivers,
leasing or buying
is purely a matter
of dollars and
cents.
3. For others, it’s more about forming an emotional
connection to the car. Before choosing which road
to go down, it’s important to understand the key
distinctions.
4. Buying
vs.
Leasing
When you lease a vehicle, you're
renting it from the dealer for a
certain length of time. That's
usually 36 or 48 months.
5. That's a lot
different from
buying a car.
Buying it outright
means you own it
after the loan is
paid off.
6. Lease payments are
generally lower than the
monthly loan payments
for a new vehicle.
Monthly car loan
payments are calculated
based on the sale price,
the interest rate, and the
number of months it will
take to repay the loan.
7. Pros of Leasing
1. Low monthly payments
2. New car every other year
3. Worry-free maintenances
4. No resale worries
8. Pros of buying
1. Higher monthly payments or outright cost
2. Better financially in the long-term
3. More options
4. Money can be recouped by selling car
9. Most car lease
companies offer a
very limited
number of
vehicles to choose
from. But with
QuitaLease, you
don’t have that
problem.
10. QuitaLease is an
online marketplace
where lessees put up
their leased cars for
a swap or takeover.
That means you
have a wider pool of
cars to choose from
at QuitaLease.
11. If your goal is to have
low monthly
payments and drive a
new vehicle every
few years with little
hassle, then leasing
may be worth the
additional cost.
12. Leasing is the right
option for you if
you want to get
behind the wheel of
a vehicle without a
substantial
financial
commitment
upfront.
13. But keep in mind the mileage restrictions and potential excess wear-
and-tear charges that come along with leasing. If you have long road
trips in the future, leasing might not be right for you.
