Buy vs Lease
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UPDATED: Oct 21, 2021
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The ageless debate over renting versus buying a home, there are passionate advocates on both sides of the buying versus leasing a vehicle argument as well. Loans.org hopes to set opinion aside and let the numbers do the work.
What’s the determining factor to take out an auto loan or steer away from ownership? The ultimate cost of buying versus leasing.
Potential borrowers should consider the price of their desired vehicle and the term in which they will either lease or make car loan payments on the automobile. Then by comparing the monthly and long-term costs, you can calculate which option is in your best interest.