The Big Decision: Lease Or Buy A Car?

Whatever one say, a car is always necessary, and in order to have one , you must spend money and energy.  It a necessary luxury, as one said, and this expression always occurs in our minds... especially when we want to purchase a car.

Choosing between Leasing the car or Buying it is a thing that must to be done according to our needs.  Each method has its advantages and disadvantages mostly related to the monthly payments and the Residual Value.  Leasing is a good option if you decide to have a luxury car: you do not have to pay an advance and the monthly payments are acceptable.  The unpleasant thing would be if you decide to close earlier the leasing contract because you will face huge penalties that can bring you to ruin your credit.

It's all about your finances and your power of payment, your constant financial situation: if you buy the car the monthly payments would be higher, but you own your car and feel "free driving"...You can pay cash up front and choose to pay the additional costs through the loan.

If you are a person that gets bored easily of his car and prefer to drive every 2-3 years another can, you should be definitely choose a Leasing Contract.  It is all about your life and the options that you would like to have regarding the car you choose to purchase.  If you are the committed type of person, you will probably choose a car that you can use for a long time, take care of and bond with.  You should buy the car because it is the best option you have, even if the monthly payments are bigger;  you will be sure about what you have and take care of it as one of your things.     

The final thing that you have to consider when deciding for Leasing or Buying a car is transportation needs:  if you travel a lot and you don't mind doing necessary repairs that you should buy.  Leasing takes in consideration the mileage, which is limited so you must keep within these limits and take care of the car if you don't want to pay huge amounts of money at the end of your lease.