If however you just can't do without a new car every few years, leasing may be more economical and convenient. Regardless of your choice, do shop aggressively for the lowest price. Always be aware of the dealer's cost for the vehicle. Several books and magazines publish dealer costs and product reviews, along with negotiation strategies. There are also services available by phone and on the WWW that will help you locate a dealer with the best prices for the model you want.
Financing can come from many sources.
It seems that the need for down payments has reversed between buying and leasing. Many purchases can now be made with no down payment, whereas many leases require some payment up front. Some dealers offer incentive financing or a rebate. If you do the math, you will see it usually pays to take the rebate or discount and arrange your own financing. The thoughts, concepts and commentary contained in this column are not meant to constitute loan advice.