Introduction
In 2017, new vehicle sales crossed the $1 trillion mark across all franchised dealerships, representing 17.14 million cars, trucks, vans, and SUVs. During the first half of 2017 alone, 2.1 million vehicles were leased. Buying vs. leasing, which would is b
Details
In 2017, new vehicle sales crossed the $1 trillion mark across all franchised dealerships, representing 17.14 million cars, trucks, vans, and SUVs. During the first half of 2017 alone, 2.1 million vehicles were leased. Buying vs. leasing, which would is best?
While buying dramatically outpaces leases by far, the latter still represents a large part of the automobile industry. In many cases, leases seem like attractive options, mainly because the advertised monthly payments are substantially lower than what usually comes with a loan-based purchase.
However, it’s important to look beyond the monthly cost if you want to figure out whether buying or leasing is right for you.
Richard Reina, the Product Training Director at CARiD.com, shared his on the battle of buying vs. leasing, allowing you to better determine which approach is actually better for your situation.
