Category Archives: Automotive News

Lease or Buy?

Lease or Buy?

Lease? Or buy? These are the options for GIG HARBOR drivers. It's always a tough question for auto owners, but here is some info that'll help you make an informed decision.If you buy, you'll pay the full cost of the vehicle, maybe an initial down payment, monthly payments on the balance that pays down the loan principal, and the finance charge.GIG HARBOR drivers who lease finance the portion of the cost of the vehicle that's used up during the term of the lease. You'll pay some money up front: fees, security deposit, first month's payment and maybe a capital reduction. The monthly payments include a depreciation cost and a finance charge. When the lease is up, you return the vehicle to your local GIG HARBOR area dealership. So how do GIG HARBOR drivers decide?First, how much do you have for a down payment? A lease usually requires a smaller down payment.How much monthly payment can you afford? Again, lease payments will ... read more

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Automotive News
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