Consumer reports car buying2/14/2024 ![]() ![]() You’ll never be without a car payment, because as soon as your lease is up, you’ll have to either buy a car or get into another lease. While all of that might sound appealing, there’s one hard fact about leasing: At the end of the term, you’ll have to return the car because you don’t own it.Īnother major downside of leasing is that you’ll have an endless cycle of paying for a car. That means you may be able to drive a more expensive vehicle than you’d normally be able to afford. Monthly payments are usually lower with a lease because you’re not paying for the full value of the car. And third, if you’re working part-time in the office and part-time at home, you’re not driving as much, so that means you probably won’t exceed the lease’s limits on how many miles you can drive. Second, you’re always driving a car with the latest safety features. First, the vehicle is always under warranty. Consumer Reports says that on the surface, leasing can be more appealing than buying. ![]()
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