Car purchases are expensive. You drop more money on your car than almost anything else you will buy in your entire life. The good news is there are options on how to make this work out. Depending on your circumstances, you may choose to lease your purchase or get a loan instead. Both have their advantages and disadvantages, but generally one will fit you better than the other. Here are some things to think about before making your decision.
Lease
With a lease, you are only purchasing the car for the duration of your lease. At the end of the term you give the car back. This is great if you always like having the newest cars available; you do not have to worry about selling it. In cases where you are purchasing a vehicle for a company, leasing is recommended because the accounting is easier. A car lease in Joliet will generally have lower monthly payments; meaning you have more purchasing power with the same payment amount. The downfall to a lease is you do not have an asset at the end of your term. You are also subjected to certain requirements such as mileage limits and strict maintenance schedules.
Loan
The biggest advantage with a loan is that the car is yours. You are allowed to put as many miles on it as you like and maintenance guidelines may be less rigid. It is also an asset that you keep after you finish paying the loan off. This is a great option if you plan on driving your car for the next 5 to 10 years. However, it will have a higher monthly payment and driving the same car for 10 years might not appeal to you. Maintenance and breakdowns are another thing to remember if you are thinking about keeping a car for a longer time.
If you are looking for a car lease in Joliet be sure to check out Hawk Volkswagen. They can be found online at: http://www.website.com
