• Should You Buy or Lease a Car: Which is Right for You?

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    Feb 26, 2016
    Is it time to replace your old car for a newer, more reliable vehicle? If, like most of us, you’re planning to finance your new vehicle, you may be wondering about the benefits of buying versus leasing. Simply put, a lease differs from an auto loan in that with a lease you’re essentially renting a car on a long-term basis of usually three or four years rather than making monthly payments to a lender in order to gain equity in the vehicle. To help you gain perspective on whether buying or leasing may be right for you, we’ve identified some important factors to consider with regards to your lifestyle, budget, goals, and personal preferences.