Category Used cars saginaw mi

The Pros and Cons of Buying Used or Leasing a Car

 

Should you buy a used car or lease a new one? This is a great question that a lot of people struggle with when they need a vehicle. There are some great lease deals out there, but there are also some great used cars! There are pros and cons to each, so let’s explore them.

Leasing

When you lease a car, you’re paying to use the car, but—unlike with a car loan—you’re not paying any principle on it. The payments are therefore usually cheaper than with car loans, and most leases expire after three or four years, at which time you can trade in the car for another, newer model on similar terms. Here’s what you need to know.

Pros of Leasing

  • Care-free driving You drive the car during the years it is most likely to have no problems. Before it has time to develop that funny noise or smell, you’re ready to trade it in.
  • Maintenance-free driving Most

Read More