Leasing proves best for the Old Westbury driver who:
Prefers to drive the newest models more frequently.
Would rather spend less up front and monthly.
Doesn’t want to worry about hefty repairs, as the car will likely remain under warranty for the duration of the lease term.
Won’t go overboard on mileage and feels confident in not administering excessive wear and tear.
However, the opposite also holds true. If you know you’ll be driving your car quite a bit, and you want to own your car when all is said and done, leasing may not be for you.
Finance a Car
Meanwhile, financing a car is an opportunity for those who:
Look forward to the financial freedom of no monthly payments when the loan is paid off.
Would rather not be restrained by mileage restrictions and wear and tear fees.
Want to gain equity in the car as they make payments.
Likewise, though, there are some negatives. Financing a car tends to be more expensive, and you’ll have to worry about depreciation when you want to trade in or sell your car. If these factors don’t appeal to you, financing may not be for you.