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Auto industry statistics indicate that 80 percent of auto buyers either pay cash for their purchase, or finance it with a loan issued either through the dealer or a private financial institution. However, there is a small percentage of people who do not prefer to buy a vehicle, but rather prefer the option of leasing.
If you are in the market for a new automobile, you may be wondering whether owning or leasing is the best option for you. The choice depends on a number of factors.
Some of the reasons why people prefer buying over leasing include:
Some of the reasons why people prefer leases over ownership include:
No matter which option you choose, make sure you fully understand the benefits and drawbacks to each of them before signing on the dotted line.
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