You want to eliminate your monthly car payment entirely one day. You drive long distances or have a long daily commute. You tend to keep your vehicles for 5 to 10 years or longer.
You buy a $35,000 car with a 5-year loan at a $600 monthly payment. : You spend $36,000 in payments. Years 6-10 : You make $0 payments for five years. Total Spent : ~$36,000 (plus interest and maintenance). is leasing cheaper than buying
: Many leases require little to no money down at signing. You want to eliminate your monthly car payment
: Leases strictly limit you to 10,000 to 15,000 miles per year. Buyers can drive unlimited miles without penalty fees. 000 to 15
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