Mexican Riviera Beaches -Puerto Vallarta Villa Rentals, Hotels, Resorts

Lease or Buy? That is Always the Question with Car Financing

Leasing is a perfectly viable and legitimate way to finance a new car. Although leasing offers attractive benefits, it is somewhat more complex than buying with a loan. This means there can be pitfalls if a decision to lease is made for the wrong reasons.

Therefore, a comparison of leasing versus buying is always a useful exercise when considering automobile financing. One option will generally be decidedly better than the other in any specific situation.

Let's first look at the financial side of the analysis.

Leasing always results in lower monthly payments than a conventional automobile loan, assuming the same vehicle, same down payment, same interest rate, and same term. Lease payments will be as much as 60% less than loan payments. Therefore, if monthly payments are your most important consideration, leasing is a good financial option (although there may be other reasons you shouldn't lease -- see below).

However, in the long term, leasing actually costs more than buying assuming that the buyer keeps his/her vehicle for a long time after the loan has been paid. It doesn't take rocket science to figure out that leasing a new car every two or three years costs more than buying one car and keeping it until it falls apart. So if long-term cost is your highest priority, then leasing is not for you.

Even if leasing makes financial sense to you, there may be reasons that it won't work for you.

If you drive more than about 15,000 miles a year, leasing is not a good option for you. The reason is that leasing is designed for people who typically drive only average miles and don't want to pay for the entire value of a vehicle. They only pay for the relatively small part of the value of the vehicle that they actually use.

Leasing may not be a good option, too, if you don't typically maintain your vehicles well, carry only minimum insurance, like to modify your vehicles, or prefer the idea of ownership.

Furthermore, if you expect lifestyle changes (marriage, divorce, job change) that might cause you to want to end your lease before its normal end date, don't lease. Leases are designed in a way that makes it both troublesome and expensive to terminate early.

Al Hearn is owner and operator of LeaseGuide.com (http://www.LeaseGuide.com), a popular web site for automotive consumers interested in leasing. The web site has helped thousands of visitors since 1995.

MORE ARTICLES:

Maui Vacation Rentals Versus Maui Hotels And Resorts
Whether you are traveling to Maui has part of a honeymoon, a business trip, a family vacation, or a romantic getaway, you are sure to find that you have an unlimited number of choices. When it comes to these choices, many vacationers automatically think of the activities and attractions that they have access too. While a Maui vacation will give you just that, there are other choices that you will have to make; one of them being where plan on staying. If you have recently made the decision to take a trip to Maui, you will find that you could stay at a Maui hotel, a Maui resort, or a Maui vacation rental.

A Mexico Vacation Special To The Maroma Resort In The Mayan Riviera
Some very good reasons for booking a Mexico vacation special and choosing the best of luxury hotels the Maroma Resort in the Mayan Riviera

Livin' La Vida Loca at Puerto Vallarta, Mexico
Mexico is in itself a paradise with its lot of places that offer nothing but the best comfortable life to anyone. Out of the several coastal resort-type offerings in the region, Puerto Vallarta is possibly the greatest epitome of wonderland.

New Shop & Spa Money at All-Inclusive 5 Diamond Puerto Vallarta Hotel
Travelers save Over 50% at Puerto Vallarta hotel Grand Velas All Suites & Spa Resort With $250 Credit during Summer & Fall

Dream Destination Wedding in a Puerto Vallarta Villa
Every woman dreams of her wedding at some exotic destination with beautiful white sand beaches, pristine clear waters, magnificent Villa and surrounded by her close ones. If you thought this is just a dream then you could not be more wrong. You can have your wedding with great style and sophistication in a luxury Villa in Puerto Vallarta, Mexico.

Puerto Vallarta: The City of Festivals
After Puerto Vallarta found its way onto the international tourism map following the release of ?The Night of the Iguana,? the city became a meeting place for artists, musicians and anyone seeking a cosmopolitan destination amongst incredible natural beauty As a result, numerous festivals have developed in Puerto Vallarta, celebrating everything from independent film to haute cuisine

More Vacations at Puerto Vallarta MX
Puerto Vallarta MX is definitely one of the places where people can stay and enjoy more vacations Puerto Vallarta MX is in the state of Jalisco and is one of Mexicoýs premier resort cities

Iconic Mexican Performers Take Flight In Puerto Vallarta
Every weekend in Puerto Vallarta, a group of famous Mexican performers take flight From a central location on the Malec?n ? Puerto Vallarta?s beloved boardwalk ? the Papantla Flyers dazzle visitors with six performances each Saturday and Sunday

Discount Last Minute Puerto Vallarta Packages To The Four Seasons Resort Punta Mita
We managed a discount last minute Puerto Vallarta package to the Four Seasons Resort Punta Mita. In truth the discount was the bonus, because we fully intended to go there anyway, and pay the full price, but thanks to some work online, we got a huge discount. A quick thank you to The Vacation Bargain Finder, details of which can be found at http://www.worldwidevacationspots.com/pages/Vacation-Bargain-Finder.html

Hawaii Maps and Weather Round out Comprehensive Vacation Rental Site
Hawaiian Beach Rentals, an Oahu based company known for its local knowledge on the vacation rentals they provide, now provides a one stop shop for local information by adding current weather conditions and maps of Kauai and other Hawaiian locales to their site.

Spring Break Soccer Training and Spanish Language Camp in Puerto Vallarta, Mexico
Spring break soccer training and Spanish language camp will take place in Puerto Vallarta, Mexico.

In-Suite Spa Treatments Exude Romance in Puerto Vallarta, Mexico
New In-Suite Spa Treament and Diamond Bath for Couples at Grand Velas All Suites & Spa Resort

Win a Luxury All-Inclusive Mexican Vacation for a Family of Four in Puerto Vallarta, Mexico
Family Scavenger Hunt Leads to 4-Day/3-Night Mexican Vacation at Grand Velas All Suites & Spa Resort

Puerto Vallarta Vacation Review
Just returning from a wonderful trip to Puerto Vallarta, I've decided that tropical vacations are good for the "soul". It's important to take the time to get a way from the everyday routine.