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Tuesday, January 31, 2023

Buying Advice 2: Lease or Buy a Car?

Thinking about buying or leasing a brand new car? Here is part two of the series about the merits and demerits of buying and leasing a car:

Tip 1: Want to constantly drive a brand new car without parting with a lot of cash? You can easily just choose your next car to lease and bring your old car back to the showroom. This is perhaps one of the top reasons why people want to lease a car. There is no need to ponder about selling the car when it is time to sell it as you retain no ownership over the car. If you are one of those who always want to drive the newest cars in the market then you are better off with leasing. If you are an emotional type of car buyer who tends to loyally stick to a single car for the rest of your life then please consider buying instead.

Tip 2: Remember that both buying and leasing will require you to have an average credit score. Your chances of getting low interest rates will be much better if you have a higher than normal credit score. If not, then expect higher monthly rates as a result of having bad credit. Top tip: consider changing your lifestyle and spending habits at least 6 months to one year prior to getting a new car. This will give you time to somehow fix your credit score.

If you are currently thinking about buying or leasing a new car then you have come to the right place. More to come very soon. In the meantime, you can instantly find everything you need to know about the latest leasing and financing deals in the market by simply getting a free quote.