Buy for $16 000
To lease or to buy, that is the big question. The answer is in the benefits of buying versus the benefits of leasing. There are many benefits to both forms of agreement, but the general rule is that if you fall short on your monthly budget often but still want to drive a nice car, leasing is the better option. There are many reasons for that.
It’s amazing how many people aren’t familiar with the way a lease works. People know about buying and they know the steep costs of renting, but they aren’t familiar with that happy medium called leasing. It’s beneficial for a few reasons.
While big proponents of the leasing model, there are some advantages to buying a car, too. Among these are:
Leasing versus buying encompasses much more than these few things, but it all comes down to the almighty dollar. If you want a very nice car but just don’t have the budget to buy it, you can still very easily drive that car for a few years and still keep money in the piggy bank. You’ll get an extremely nice car for significantly lower monthly payments, a very small or non-existent down payment, and the knowledge that at the end of the lease, you’re free to shop for a newer, better car.
Leasing is an extremely smart option for those who aren’t looking for a long-term commitment. You won’t be leasing a car for a decade or two, just a year a few years, depending on your preference. Once you’ve paid that glorious end payment, it’s onto shopping for another car you want to lease. Many people prefer to lease a car and never purchase one.