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Leasing is basically renting. Payments are usually cheaper, but you don't actually own the car. Many times with leasing, you are also REQUIRED to have maintenance done regularly and only done at dealer-approved businesses. If any damage is done to the car, you will be required to pay for repairs. When you buy a car, you make payments until the car loan is paid off, and then you own the car outright.

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โˆ™ 2015-06-12 18:52:23
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Q: What is the difference between leasing and buying a car?
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Whats the difference between buying a car with a loan and leasing a car?

When you have paid off the loan the car becomes yours. When leasing a car it never becomes yours.


Where can one find more information about leasing versus buying a car?

You can find out about leasing versus buying a car on How Stuff Works. Other places with info about leasing versus buying cars is dmunds, and NN's site as well.


What is the Difference between lessor and lessee?

A lessor is the person leasing the vehicle out for use (the dealer). A lessee is the person leasing the car for use (the consumer).


Could you please tell some resources for car leasing in Scotland?

IMO, Avatar Vehicles is the best option. They offer Car Leasing, buying in Scotland.


What is the difference between buying the car with the loan and leasing a car?

When you lease a car, you don't own it as you do when you buy one with a loan. When Leasing you are only paying for the time you use the vehicle, Imagine the Car cost $10,000 when the car is returned in 3 years time the finance company may say the car is going to be worth $5,000 you are only financed on the remaining $5,000 thus making your monthly payments cheaper, where as if you buying the car outright then you will be financed for the whole car, add in its depreciation it often works out cheaper to lease the car


What is the difference between buying a car with a loan and leasing a car?

When you lease a car, you don't own it as you do when you buy one with a loan. When Leasing you are only paying for the time you use the vehicle, Imagine the Car cost $10,000 when the car is returned in 3 years time the finance company may say the car is going to be worth $5,000 you are only financed on the remaining $5,000 thus making your monthly payments cheaper, where as if you buying the car outright then you will be financed for the whole car, add in its depreciation it often works out cheaper to lease the car


What is best leasing a car or buying a car?

it depends on how much you are going to use the car because if you just go to work and back leasing but if you are going to use it everyday then i would buy a car but it really depends on what your budget is =]


What has the author Raul A Delgado written?

Raul A. Delgado has written: 'Car Buying and Leasing Exposed' 'Everything you always wanted to know about--car buying & leasing, exposed--but no one would tell you until now' -- subject(s): Automobiles, Purchasing


Is it more advantageous to get a car leasing?

There are many arguments for and against leasing over buying and visa versa and as such it is ultimately subjective. That said the benefits of leasing over buying outright is the option to change the car more frequently andnot having to pay out one large lumps sum. If at the end of the contract some companies then would offer to sell the car for a reduced cost as the depreciation of the car would be taken off the initial cost of the car when it was first entered into leasing.


What are the advantages of a shorter term for auto leasing?

With auto leasing the monthly payments are usually lower than they would be if you were buying the car. You can upgrade sooner, or more often with a car lease. However, you will usuually pay more interest with a lease and you will not own the car, therefore you do not generate any equity. To calculate the costs of leasing versus buying online, visit:http://www.leaseguide.com/leasevsbuy.htm


Where can you lease a car?

Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.


Should I consider buying a certified used car or lease a car?

Buying or leasing is a personal preference. There are advantages and disadvantages to both ways. In leasing, you use the car for a specified number of years, making payments on it just as you would if buying, except that at the end of the lease, you return the car to the dealership and basically walk away owing nothing more. When purchasing/buying, one assumes all the costs of maintenance as well as depreciation values.

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