Does it make better sense to buy or lease a new vehicle? That depends on a number of factors, such as the residual value of the car you intend to purchase, the amount of money you pay up front as a capitalized cost reduction and the cost of financing. A lease will usually be a more attractive option when compared to a vehicle purchase when measured over a comparable term. Keep in mind that with a lease, you will have to return the vehicle at the end of the lease term, whereas you will own the vehicle and will be able to continue driving it after the term expires.
Wellness category
Wellness category
Purchase or Lease a Vehicle
Information presented in the Northwest Financial Wellness Center is provided for educational purposes only and is not related to actual Northwest products or services. Northwest makes no representations as to the accuracy, completeness or specific suitability of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Northwest recommends you consult a professional for any specific guidance you are seeking.