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The Decision to Lease or Buy Your New Vehicle

Budget and Save

When buying a new vehicle, you may be approached with the decision to lease or buy.

Each has pros and cons and will affect your monthly payment differently. Depending on how long you’re planning on driving the vehicle, a lease may not be the best option because you’ll have to return the vehicle at the end of the lease term. If you buy the vehicle, you’ll be the owner and can continue to drive after you have paid off your loan, sell it on your own, or even trade in for a newer model. Check out our calculator below to help you determine the better option for your financial goals.

 

 

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The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its affiliates and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.