Learn About Leasing

When looking for a new car, you have two choices: buy or lease. The choice isn’t always clear whether buying or leasing will be the best financial choice for you. Dealerships and manufacturers often have incentives or subsidies that hide the true cost of each option. On top of that, leasing and buying have a different language. This can make it even more confusing when discussing payments and overall cost with a salesperson. Here's a breakdown of some of the most important words to know before leasing a car.

Besides the terminology, there are other aspects of leasing that should be considered before signing on the dotted line. Here are a few of those considerations.

In the long run, if it’s in your budget, leasing can be a viable option. There are plenty of calculators out there to help you find out exactly what the difference will be between buying and leasing. Hopefully with that help and the knowledge about the language of leasing, you will make the best choice for your life.

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