When one is ready to purchase the vehicle that he wants, knowing his monthly budget is an essential aspect to overseeing his personal expenses. Additionally, understanding one’s lease versus buy options could make him more prepared to make the proper decision for both his short- and long-term budget.

Obtainable thru an auto dealership (such as the Boardwalk Auto Group with Brian Ongaro), car or bank manufacturer, a lease permits one the choice of low monthly costs and no down payment. Then again, as long as one is leasing versus buying, he would always have an auto payment, dealership costs and would not have total ownership of the vehicle. When one buys a car outright, he might have a rather higher monthly payment, though he would have ownership. He also has the chance to pay off the vehicle and be free of his monthly loan costs.

Buying a vehicle is a big investment (especially if one is planning to buy luxury cars such as an Audi, Porsche and Ferrari) and one wants to make the most out of the money he puts into it. So, take into consideration the following benefits of leasing versus buying a vehicle to aid one make a wise decision for his unique situation.

Car Purchasing Pros

One of the major benefits of purchasing a vehicle is that one has an asset when his loan is paid off. Take into account the following other benefits of purchasing one’s next car:

– One might find more bargaining power when he buys a car versus leasing as car dealerships receive bigger commission on a vehicle sale versus a car lease

– One could sell the vehicle at his discretion, but is still in charge of the auto loan he utilized to buy it

– One may customize his car as he wishes, such as an upgraded stereo or new paint job

– One’s insurance premiums might be less when he is buying versus leasing a vehicle, as the dealer wants to safeguard their outlay when leasing a car

– One does not have to pay additional costs based on wear & tear to the car and mileage policies

Additional Considerations When Choosing To Buy Or Lease One’s Next Car

Though there are a lot of benefits to purchasing one’s next car, there are also a number of other factors to take into consideration prior to an individual making his final investment decision, including:

– One is responsible for on-going maintenance over and above the terms of his warranty if he chooses to purchase

– One absorbs the downgrade in value of the vehicle over time when one chooses to purchase

If you want to find the car financing solutions to suit your needs, try getting in touch with Brian Ongaro and his whole team at Boardwalk Auto Group. They would surely help you get enlightened about such a task of choosing whether to buy or lease your next car.

For more information on Brian Ongaro and the latest automotive industry updates visit http://brianongaro.wordpress.com.

For more information on Brian Ongaro and the latest automotive industry updates visit http://brianongaro.wordpress.com.

Author Bio: For more information on Brian Ongaro and the latest automotive industry updates visit http://brianongaro.wordpress.com.

Category: Automotive
Keywords: Boardwalk Auto Group