Looking to get a new car? The question is, should you buy your next car or lease it? To help you weigh your options, we will look at how leasing a car and buying a car compare according to what your priority is.
Keeping Minimal Down Payment:
Lease if you want to pay as little as possible upfront.
Buy if you would rather pay more upfront to shrink your monthly payment.
Keeping Your Credit History Out of It:
Lease if you are confident in your credit history. You must have good credit to lease.
Buy if you would rather your credit history go unscrutinized.
Other Big Financial Expenses:
Lease if you are not paying for a mortgage or family expenses.
Buy is you have a mortgage or budgeting for a family.
Lease if you do not have far to drive. You may be paying extra if you drive over a certain number of miles.
Buy is you consistently put many hours on the road.
For Business Use:
Lease if you can claim your car as a business expense as leasing expenses are deductible.
Buy is you cannot claim your car as a business expense.
Lease if you prefer to replace your car every two or three years.
Buy is you would rather drive one car for as long as possible.
Lease if you are comfortable committing to the full time period of the lease.
Buy if you want the option to sell your car if something happens.
Giving Yourself a Head Start:
Lease if you are okay starting from scratch each time you get a new car.
Buy if you prefer getting trade-in value when you buy a new car.
Whether you find it beneficial to buy or lease your next car, we hope you consider your old car donation to Kidney Cars. It’s a great way to let your old vehicle go where it can still do some good.
Help improve lives and donate your vehicle today.
We accept vehicles even if they no longer are running, as long as they have a title.
There is no cost to you, simply call us at 800.488.CARS (2277) or complete our online form.
Then schedule a pick up time that fits your schedule. You can make a difference in the lives of millions with kidney disease.