First-timers pick financing over leasing
Posted by Ben on Jan 25, 2012 in 13th Article | 0 comments The deal’s quick and painless, and you retain some value, especially in import models Fried or baked. Plasma or LCD. Boxers or briefs. Consumers are faced with an array of decisions every day – some of them small and inconsequential, others complex and costly. For the majority of new-car buyers – those who can’t or won’t pay the entire purchase price in cash – leasing versus financing is often the biggest dilemma they have to face, after picking the actual model. Finance your purchase and you own the car, although the monthly payments may be steep. Choose leasing and the monthly payments are smaller and more manageable. But you’re essentially renting; the leasing company owns the vehicle and at the end of the term you have to decide whether to return it or buy it download modern warfare for free. Auto broker Mark Derry of www.CarSense.to says consumers sometimes have the best intentions when they lease, saying things like: “`I’m leasing because I have a lot of expenses right now, but I plan to buy it out’.” “Yet, at lease end, they realize they don’t have the money to buy out their vehicle or finance it. Dropping off the keys and picking up a brand-new model becomes very appealing,” he says. “Leasing has become a fantastic loyalty program for dealers. They know the date you’re coming back with their car and they can prepare a tempting new offer.” In fact, leasing may have single-handedly saved the North American car industry by keeping demand for new vehicles strong and assembly lines humming. It’s an addictive habit that becomes hard for motorists to break. If they must lease, Derry recommends his clients take a closed lease – one that puts no obligation on the lessee to purchase the vehicle at the end of the agreement – rather than an open lease, which leaves the consumer on the hook for any shortfall in the residual value, what your vehicle is worth on the market at lease end fehler 495 beim herunterladen von apps. “You might have leased a big SUV three years ago and agreed it will be worth $15,000 in 2007. Instead, gas is a dollar a litre and demand has softened. So your vehicle is now worth $12,000 and you owe the lease company $3,000.” Manufacturers’ leasing programs are usually closed – they intend to see the vehicles returned so...read more