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Should You Lease or Buy A New Car

The different options available to you when buying a new or used car.

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Auto Sales > Car Advice > Buying A Car > Options when Buying a Car

Options When Buying a New Car

Eric Wills

Buy or Lease a New Car

If predictions are correct many people are currently, and going to be, looking for a new car this year. Some may question if they want to lease a new car or buy a car, and while you are faced with these options whenever you want to get a car it is a good thing to think ahead before deciding.

When you lease a car you never truly own the vehicle, you're terms will normally be a two year contract with a limited amount of miles on them. You can buy extra miles at the beginning of the terms to make sure you don't go over this amount. This is very important factor when deciding between leasing a new car or buying one.

When you lease it, like all things in life, has it's perks and it's downside and one of the downsides was already discussed. You don't ever really own the vehicle, you will be turning the vehicle over, or get the option to buy it, at the end of your terms. The biggest thing to watch out for is the mileage.

Looking to Buy or Lease a New Car

With car shopping it is all about personal preference and need. If you don't think you'll go over the allotted mileage given then leasing is probably the better option. The great thing about a leased vehicle is in 2-3 years from your leasing date you'll be able to get another car.

However when you just buy the car you'll own the car in 48 - 72 months. Depending on your loan terms and agreements you can completely negate a car payment in a few more years than if you were to lease the vehicle.

This can be a great incentive for buying the car when looking at the numbers on it. However some may not be able to afford the higher car payment, or they know they won't go over the miles and want a different car every few years. You will definitely have a higher car payment should you decide on buying a new vehicle.

As with your options you always have plenty available, so choosing the right vehicle with the right terms is what you should focus on. Utilizing AutoLiquidator to that end will help you expedite your car buying process. If you decide that buying is the option that works best and you want to buy an affordable used car or a new car we can help find you a local dealer with the car you want.

Previous Some Advice when Buying a Used Vehicle

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Avoiding Quick Car Depreciation Rate

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Everyone is very aware when they sign the dotted line and buy a car that once you drive off the lot the value has decreased. It is no secret or anything hidden, once you buy it and as soon as you drive it off that lot the value is lower than it was once you bought it and by no means has it gone down a small amount.

Some Best Practices When Purchasing a Car

March 20, 2013

To help even your odds when you're buying a car make sure your first step before heading out to a car lot is to do as much research possible. Having a head start on the current market trends and value of cars around you can help phenomenally if you're going out to try and get a car.

When is the Right Time to Buy a Car

March 16, 2013

There are plenty of reasons to buy a car, but when is the right time for you to buy a car? While that question really can only be answered by each individual person it is still a good question. There are times when holidays, like the upcoming St Patricks Day, bring about great car deals from local dealerships.

Get the Best Used Car Locally

March 13, 2013

When you're needing a car and wanting to make sure you don't get a lemon it is often difficult to just show up at a dealership and find a car that is right for you. Many people get intimidated by the salesmen, or they completely disregard them. No matter what you feel when you go out to buy a used car it does bring up the idea of the 'snake oil salesmen'.

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