Should You Lease or Buy Your Next Car?
- English
- Español
June 14, 2018, 2:02pm EDT
Looking to get a new car? The question is, should you buy your next car or lease it? To help you weigh your options, we will look at how leasing a car and buying a car compare according to what your priority is.
Keeping Minimal Down Payment:
-
Lease if you want to pay as little as possible upfront.
-
Buy if you would rather pay more upfront to shrink your monthly payment.
Keeping Your Credit History Out of It:
-
Lease if you are confident in your credit history. You must have good credit to lease.
-
Buy if you would rather your credit history go unscrutinized.
Other Big Financial Expenses:
-
Lease if you are not paying for a mortgage or family expenses.
-
Buy is you have a mortgage or budgeting for a family.
Long-Distance Driving:
-
Lease if you do not have far to drive. You may be paying extra if you drive over a certain number of miles.
-
Buy is you consistently put many hours on the road.
For Business Use:
-
Lease if you can claim your car as a business expense as leasing expenses are deductible.
-
Buy is you cannot claim your car as a business expense.
Longevity:
-
Lease if you prefer to replace your car every two or three years.
-
Buy is you would rather drive one car for as long as possible.
Future Improvising:
-
Lease if you are comfortable committing to the full time period of the lease.
-
Buy if you want the option to sell your car if something happens.
Giving Yourself a Head Start:
-
Lease if you are okay starting from scratch each time you get a new car.
-
Buy if you prefer getting trade-in value when you buy a new car.
Whether you find it beneficial to buy or lease your next car, we hope you consider your old car donation to Kidney Cars. It’s a great way to let your old vehicle go where it can still do some good.
-
Help improve lives and donate your vehicle today.
-
We accept vehicles even if they no longer are running, as long as they have a title.
-
There is no cost to you, simply call us at 800.488.CARS (2277) or complete our online form.
-
Then schedule a pick up time that fits your schedule. You can make a difference in the lives of millions with kidney disease.