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Little Joe's Autos
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Little Joe's Autos
THE-PROS-CONS-OF-LEASING-VS-BUYING-MITSUBISHI-CHESAPEAKE-VA-LITTLE-JOE-S-MITSUBISHI
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DECIDING WHETHER TO BUY OR LEASE

If you plan to drive your car for as long as possible buying would be the better choice. Once the vehicle is paid off its yours to drive for as long as you would like without having a car payment. That means more money to spend on investments or whatever you would like. Buying is generally the better choice financially speaking (if the option is to save as much money as possible).

On the other hand, if you choose to lease you will have to return the vehicle to the dealership once your lease is up. Up front costs are generally included including taxes, a deposit and down payment. One of the main advantages of leasing an auto is that payments are generally much more affordable compared to financing. Leasing generally come with lower down payment requirements.

Lack of ownership is one of the biggest drawbacks of a lease. Individuals who like to change cars every few years may find leasing more favorable than buying. Leasing may be a good choice if you enjoy changing your vehicle every few years and having access to the latest high tech features.

Contact us if you are interested in buying or leasing a vehicle in the Chesapeake VA area.