Should I Lease My Car Or should I buy?

Should I rent my car or should I buy?

This is undoubtedly one of the most frequently asked questions.

The cost of the vehicle

The total price of the vehicle is the same. The total usually includes the price of the vehicle, transport, PDI (pre delivery inspection) and sales tax. The same applies to the purchase or lease of a vehicle.

When you buy, you pay the full cost of a vehicle, regardless of the number of miles you drive or how many years to keep it.

When you rent, you pay only part of the cost of a vehicle. You basically pay for what you use, if you rent for 48 months, you pay for the use of 48 months, with interest. You can not make a down payment and sales tax are added monthly payments. At the end of the lease period, you can either return the vehicle or purchase it for its depreciated value. The "residual value"

Here's an example of my personal lease payments of the vehicle.

2009 Nissan Altima
Purchase price of approximately $ 25,000
Zero down payment
48 months lease
1.5% interest rate lease
Pay before taxes $ 296.79
The payment, net of taxes $ 335.00

After 48 months I spent $ 16,080.00 including interest.

Once the 48 months ended I can give the car or buy for less than $ 11,800.00 (purchase value back)

The lease is worth? That all depends on who the lease. If you're the type who likes to keep their cars until they meet their fate, it is best to buy them. If you like to change vehicles every 3 to 4 years, so it is for lease.

Wait no more, here is where it gets interesting Did you know that J is not necessarily to keep your lease for the duration of the lease? That's right, you can transfer it to someone else or sell it outright.

Let's say you have a lease 48 months and 30 months down the line you want to get rid of it, all you have to do is find a little 'or buy it off you, paying the production what ever you can or must be just as easily find someone to take over your payments. Its so easy! ......