Home LifestyleLiving Buy or lease a car?

Buy or lease a car?

buy or lease car

Every couple of years I consider leasing a car – mostly for business purposes.

If you want to keep monthly expense low, a typical lease is up to 60% lower than monthly payments.

While my credit is good, I found out when shopping with a family member that you pay a lot higher lease rate with a credit rating under 620, if you can get a car at all. One dealer wanted 25% interest. The best rates are available for credit scores above 660.

Buying a vehicle and driving it for several years seems to be the cheapest way for many.

Edward Stevens, Stevens Strategic Communications

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Ohio 100