Monthly payments are usually higher than when leasing and financing periods can last for up to 6 years, depending on your payment plan. Warranty periods may be shorter, and almost never last for the financing period. You will be responsible for the car once it has been paid off. If you choose to purchase a different car, it is your job to sell or trade your current vehicle. When it comes to for you to decide on a plan for your next automobile, consider the above facts.
Many people consider driving a good car more important than owning one.
For others, the actual ownership and option to do as they please with their vehicle is the better way. If finances are your worries, remember that fines on leased vehicles can add up, so the myth that buying is more costly is often proven false. Reprinted with permission from the ARA . No reprints without written permission.