Getting a new car is always exciting. That new car smell, the shiny new paint, and all of those wonderful new toys to play with. Along the way, hands were shaken, deals were struck, and papers were signed, but one of the key decisions that many new car buyers struggle with is whether to finance their new purchase or lease it. Leasing has become increasingly popular as new cars have continually gotten increasingly more expensive and credit became increasingly easier to access. There are detractors of both methods, but paying for a large purchase, like a car, in cash is out of reach for most people and most buyers must find a way to finance their purchase. Both traditional loan financing and leasing have their own pros and cons and the conditions that suit each buyer's needs may lend themselves favorably to one versus the other. While this may not cover every possible variation, the goal is lay out some general guidelines to help you decide which path if the best for your needs.
