Car Lease or Car Purchase? Make a Wise Choice
Out of all the crucial decisions you’ll face when shopping for a car in the UK, probably the most important is to choose between buying or leasing a vehicle. Both have positives and negatives, and the ultimate choice will depend on your situation, driving practices, and intended goals. Check out the following pros and cons of leasing and buying so that you can determine what’s best for you. Content Leasing a Car: Benefits and Drawbacks Leasing Benefits Drawbacks to Leasing Purchasing a Car: Pros and Cons Positives of Purchase Negatives of Purchasing Which is the Best Choice for You? Leasing a Car: Benefits and Drawbacks Car leasing is literally an extended rental contract, where you pay a fixed fee every month to drive a new vehicle for a specific period of time – often two to four years. At the end of the contract, you give the car back to the leasing company and begin anew with a new lease on a different model. Leasing Benefits • Reduced Monthly Payments – Le...