To Buy On Loan Or Lease A Car?

Buying a car may not necessary have to drain your savings. One-off payments are good however, one could also find other financing methods to save on having to make the one-time payments. This then offers the two financing methods, taking up a loan or leasing a car.

Loan financing is a more popular payment method. This is so because individuals want to own the vehicles at the end of the repayment period. Due to this, the payments made to the dealership are considerably higher as compared to those made through leasing.

From the ongoing, leasing is a cheaper financing option. However, its pricing is because the buyer pays for the usage and depreciation of the vehicle and not for the ownership of the vehicle. At the end of the payments, the dealership takes possession of the vehicle.
Visit our dealership today as we explore more on the financing options available to you.
Categories: Finance