For a lot of people who want to acquire vehicles from Boardwalk Auto Group, it is a common predicament whether to purchase a car or lease one. There are both pros and cons when considering the purchase or lease of a car. Apparently, the market for vehicles is still on the rise, as pointed out by Brian Ongaro, the Vice President for Sales and Marketing of Boardwalk. This has been clearly apparent with car sales increasing throughout 2011. For this reason, competition among car manufacturers and sellers make them try their very best to make purchasing vehicles from their company trouble-free. Nevertheless, despite great efforts by these companies, purchasing a vehicle of your choice is not as easy. It is imperative that costumers become aware of the process of buying a car, particularly if it is your first time. Purchasing either a new car or a previously owned one necessitates some crunching and making inquiries. It is vital to make smart efforts the best you can in order to obtain the best deal for the car of your choice.

When purchasing a car for example from Boardwalk Auto Group, a client has to pay for the whole price of a vehicle. It would not matter how far it is driven or the duration the customer keeps it. For leasing, monthly fees can be lower. A customer usually makes an initial down payment, provides cash payment for sales taxes, or finances it. When it is rolled into the client’s loan, he pays the interest based on his credit score in accordance to the arrangement with the loan company. The initial payment is made after a month from contract signing. Afterwards, the client can make a decision whether to trade or sell the car for its trade or resale value. On the other hand, when leasing, the client is expected to provide payment for only a part of the whole cost of the vehicle. The amount will depend on the duration of use of the vehicle. Leasing is not renting. It is actually a type of financing which Boardwalk Auto Group with Brian Ongaro offers customers. A client can choose to make a down payment. In the majority of states, sales tax is only paid during regular monthly payments and the client pays a money factor. The customer may be necessitated to provide payment for certain charges and maybe a security deposit. In purchasing a car, the client is not required to pay for security deposit. The initial payment is given as soon as the contract is signed. At the end of the lease, the vehicle can either be bought for its residual value, or it may be returned. A disposition fee may be asked at the end of the lease contract.

When making a decision whether to lease or purchase a vehicle, the answer may be contingent on the situation of the prospective client. It may not be possible to just assert that purchasing is better than leasing. Purchase and lease loans are basically two varying methods in terms of car financing. Buying through a loan provides payment for the purchase of a car, while leasing provides payment for the mere use of a car. Both leasing and purchasing have its individual pros and cons.

To connect with Brian Ongaro on Linkedin, visit http://www.linkedin.com/in/brianongaro.

To connect with Brian Ongaro on Linkedin, visit http://www.linkedin.com/in/brianongaro.

Author Bio: To connect with Brian Ongaro on Linkedin, visit http://www.linkedin.com/in/brianongaro.

Category: Business
Keywords: Brian Ongaro, Automotive Marketing