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How can you afford to buy that new Mini Cooper or
Honda Civic you've had your eyes on? With average financing
rates topping 7.9% on new cars in May - a 2.2% increase over two
years ago - some drivers think leasing may be a better option.
Leasing deals make up one-fifth of all transactions, and luxury
lines lease about half their new models. Often, the decision to
lease or buy comes down to monthly costs. Consumers who recently
bought a new car financed $23,720, on average - that's a $464
monthly payment on a 64 month term. The average lease payment
was about $15 less over a shorter period of time: $451 a month
for a 38 month term. But leasing isn't a good value if you drive
a lot. Exceed the mileage specified in your contract, and the
penalty might wipe out any savings.
CONTACT US TODAY. WE CAN
HELP.
24 HOURS A DAY,
7 DAYS A WEEK
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