Guide on the Decision to Buy or Lease an Automobile
1. If you are the type of person that usually gets tired of a vehicle after driving it a few years then a lease would probably be a better option for you. A lease only lasts a certain amount of years then you can a different vehicle after the lease is over. They usually have a limited amount of miles restriction each year on a lease vehicle. They usually don’t allow you to modify the vehicle either.
2. If you like to keep vehicles for a long amount of years then getting a loan to purchase a vehicle is probably the best option. After the vehicle is totally paid for then you will own the vehicle which is an asset. If the vehicle isn’t six years old than you are usually able to get a loan against it if you need to.
3. Check out how much the vehicle is worth on Kelly Blue Book. You can find how much the vehicle is worth on their website at www.kbb.com on the Internet. I recommend checking every vehicle price value on the website since you don’t want to get into a upside down loan.
4. You can often get a better deal when you privately sell your previous vehicle instead of a trade in to a dealership. You can often get more money so you should always try to get as most money as possible for your vehicle since you don’t want to get ripped off. Be cautious with any dealership that offers you a low price on a trade in if your vehicle is in excellent or fair condition.
5. Make sure to read all the fine print including the terms and conditions if you are even considering a lease. You want to make sure that you understand the lease terms clearly. If you have any questions at all then ask the sales person. If you are confused about a lease or if something doesn’t seem feel right then don’t sign the papers. On a lease you will usually have to pay a fee when you turn the vehicle in at the end of the lease. They will usually give you the option of outright buying the lease vehicle at the end of the lease if you want to.
6. Women need to take a man with them when they go to look at a vehicles at a dealership. They will get treated better usually. They will be more eager to help you and not rip you off. It is important to bring a man with you so the dealership salesmen don’t try to talk you into a vehicle that you can’t afford or that isn’t worth the price.
7. Before you get a new vehicle then make sure to search on the Internet to see if there has been many complaints about the vehicle that you are interested in next. This is important so you know to not get a vehicle if it has bad major problems. You want to make sure to check customer reports too.
8. Another thing to do is to check the vehicles website to check around for any vehicle recall notices. This is important to check out since you don’t want to buy a vehicle that has many recall notices or defects on them.
9. You want to figure out the total price of a lease. One thing to remember about a lease is though that you need to put a down payment on a lease too. Figure out the total price of a lease and then the price without a lease if you got a loan to purchase the vehicle instead of a lease. It will help you decide which is the best deal for you.
10. Always tell the sales person that you are going to need to think about the price of the vehicle. It will help you take a few days to decide if you really need or want the vehicle. You don’t want to make any decisions quick since you always want to take a few days or even a few weeks to think about making a major purchase. It will end up saving you money sometimes if you decide that you don’t want it or need it.
