Posted on 4/18/2012
Lease? Or buy? It's always a tough question for residents in the Natomas area. But here are a few ideas that'll make the choice more clear. Either option gives you a choice of how you might finance your car. If you buy, you'll pay the full cost of the car, with maybe an initial down payment, then monthly payments on the balance that pays down the loan principal, and the finance charge. If you lease, you're financing the portion of the cost of the car that's used up during the term of the lease. When the lease is up, you return the car to your local Natomas area dealership. You'll pay some money upfront; fees, security deposit, first month's payment and maybe a capital reduction. The month payments include a depreciation cost and a finance charge. So how do you decide? First, how big a down payment can you make? A lease would require a smaller down. How much monthly payment can you afford? Again, lease payments will ... read more