Should You Buy or Lease Your Next Car?

(Geoffrey Cann)- Increasing numbers of businesses and individuals are choosing to lease from a finance company rather than buy when they need to replace their car or buy another. But is this a wise choice? Here we look at the pros and cons of each course of action.

Advantages of leasing include:

¨       A specialist broker can advise you on the best value leasing deals around, and which cars are the most efficient and reliable. They can also sort you out with fleet management to look after multiple cars if you have a big business.

¨       Monthly payments on a lease are fixed, so you can budget with confidence, and do not need to worry about payments rising as could be the case with a car loan.

¨       Monthly lease payments could well be less than the equivalent monthly payments on a car loan, especially for shorter leases. Read more here…