The question of whether to lease or buy a car continues to spark a debate, with different people offering their views regarding the matter. If you’re ready to get a car, it can be tempting to jump into any of these options without thinking about them well or weighing pros and cons. Although both choices are good for any prospective car buyer, it would be smart to compare them in terms of affordability and suitability to your needs.
Can you afford it?
In reality, leasing can sometimes be expensive, because of the many things you need to pay for. Take, for example, your financial liability to the leasing company if the car gets scratched or damaged for whatever reason. Depending on the damage, this may result in huge fees for you.
Besides paying for scratches or damages, you are required to pay for regular maintenance to keep the car in good condition. Most lease specials in Los Angeles, such as those offered by dealerships like Diviniti Auto Dealer, have cars in good condition, but there is no exception when damage happens.
Your monthly income also influences the choice you make when searching for a car. If your income cannot support loan purchases, lease specials offer an easier way to get a vehicle. In the long run, this could mean a higher total expense.
Someone with a fairly high income will likely go for loan purchases. One good thing about buying is that you retain ownership of the car, and there are no extra charges for driving long distances. Meanwhile, repaying the loan would be its biggest disadvantage considering the high interest rates and tight conditions, which is usually the reason why more people choose to lease their cars.
How will you use the car?
The best thing about leasing is you can always get the latest models. You can simply request a different car model each time you renew your lease. If you’re the type who enjoys novelty, leasing would benefit you well.
Obviously, with car ownership, those benefits aren’t possible. One of the drawbacks of buying is that the car’s resale value may become too low after a certain period. It is also not easy to predict what the car could be worth at some point in the future. If you’re planning to use the car temporarily or for a short period, buying wouldn’t suit your needs.
So, is it better to buy a car or choose Los Angeles lease specials? It all really depends on your purpose and ability to pay. Car dealerships like Diviniti Auto Dealer offer both.
Buying vs. Leasing, rankingsandreviews.com
When Is Leasing a Car Better Than Buying?, lifehacker.com