Wednesday, October 13, 2010

Car Leasing vs Car Buying

Car Leasing vs Buying: Consumers who prefer to lease vehicles may be in for a shock if their lease expires soon. Significantly higher payments are the norm right now. In fact, $50 is the average increase in monthly payments during the past 12 months.

All things being equal, it could still be cheaper to lease than to buy. In leasing, the customer only borrows the difference between the upfront cost and the residual value.
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