?lease or financing?
Thread Starter
Senior Member
Joined: Dec 2004
Posts: 465
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From: Bay.Area
'02 c230k coupe
?lease or financing?
i dont know if i should lease or finance
what are the advantages and disadvantages of each over the other?
Lease - i only know that you pay monthly payment. After the contract ends, you give it back or buy it. Also your annual milage is limited.
Finance - it's yours. You can do whatever you want with it.
thats it!
ty.
what are the advantages and disadvantages of each over the other?
Lease - i only know that you pay monthly payment. After the contract ends, you give it back or buy it. Also your annual milage is limited.
Finance - it's yours. You can do whatever you want with it.
thats it!
ty.
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
Let's start with this comparison.
One simple question we ask customers is "do you always have a car payment?".
If you always have a car payment, and finance, you will definitely save money every month and at the end of the term by leasing.
Most people, when they finance do not keep the vehicle until the end of the term. Those who trade in early are usually left in a negative equity situation. This continues each time they end their finance term early.
Leasing eliminates the negative equity situation while keeping the shorter term.
One simple question we ask customers is "do you always have a car payment?".
If you always have a car payment, and finance, you will definitely save money every month and at the end of the term by leasing.
Most people, when they finance do not keep the vehicle until the end of the term. Those who trade in early are usually left in a negative equity situation. This continues each time they end their finance term early.
Leasing eliminates the negative equity situation while keeping the shorter term.
