It's Just Like Being There.™
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It's Just Like Being There.™ |
What You Must Understand Before You LeaseBy: Roosevelt GistThe auto lease is the most flexible financing tool available. When properly explained and fully understood, it will become your choice. Auto leasing is gaining popularity for one reason, the increasing price of a new car. You only pay for the depreciation accessed during the time you possess the vehicle. If you would abandon your intense desire for immediate ownership you would be leasing now. The major difference between buying and leasing is the timing of ownership. When you buy ownership is assumed at the signing of the contract. However, technically you do not own the car until you completely pay off your loan. When you lease ownership occurs at the end of your lease if you desire.If you keep a vehicle for six years or more, do not lease. However, if you trade with a loan balance, consider leasing. There are some very important facts that you must know, understand and accept before you enter into the lease agreement. Learning these after you lease will sour your leasing experience.
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