What is car leasing?
Leasing is similar to renting where in essence, you will pay a fixed monthly fee
over a period of time typically 2-3 years, after the period you will have the
option to buy at a fixed residual value or simply return the vehicle to the dealer.
Typically the monthly payments on lease cars is a lot cheaper.
Leasing allows you to drive the latest vehicles with the latest safety and technology.
The cars will be brand new and covered under the manufactures warranty giving you peace of mind.
What is car financing?
In car financing it’s a longer term usually around 5 years
and the monthly payments are a lot higher unless if you put down a high down payment.
Typically after 3 years the manufacturer’s
warranty runs out so you have to arrange extended warranty or pay for any defects.