Should You Lease A Car Or Buy It Outright?

Should you lease a car or buy it outright? A question like this does not have a clear-cut answer, what is right for one person is not right for another. The decision to lease or buy is personal; it has a great deal to do with your lifestyle and the way you like to pay for major purchases.

Take a common example. If your position in your company demands that you drive an upscale car; perhaps it is necessary as you entertain clients frequently, then a Volvo lease in Rockford is a natural choice. By leasing, you can drive a better car for less money and it provides a good tax write-off for the company. On the other hand, there are people who are quite content to keep the same car for years. In this case, it makes more sense to purchase an automobile.

The truth is; there are good things to say about both options, for most people the decision is based on specific needs and not dollars and cents.

Leasing pros and cons:

Leasing is somewhat similar to buying, but there are key differences worth noting. When a car is a fin aced, the loan value is based on the value of the vehicle minus any trade-in you may have minus your down payment. When the same car is leased you are not financing the whole value of the car, just the depreciation that takes place during the term of the lease. When the lease period is up the car is returned.

When you lease you can enjoy lower monthly payments with a much small down payment.

You can move up to a better car for less money.
The car will always be under warranty; your repair bills are lower or non-existent.
You can drive a brand new, trouble-free car every three years, and
You never have to concern yourself with getting rid of a used car.

Yes, there are some benefits to purchasing a car; you are not limited to the number of miles you can drive, you can sell the car to anyone at any price or you can use it as part of the down payment when you buy another car.

A Volvo lease in Rockford affords you the enjoyment of driving more car for less money and you will always be driving a trouble-free vehicle.

A Volvo lease in Rockford puts you behind the wheel of a brand new Volvo for less money than it would cost to buy it. To lease or buy a new Volvo in Rockford you are invited to visit McGrath Volvo Cars Barrington.

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