Auto financing can be accomplished in several ways. Here we will briefly discuss a comparison of leasing versus buying.
The advantages of leasing include lower down payment and lower monthly payments. Disadvantages include limited mileage, no equity in vehicle, and being held responsible for excessive wear and tear
The advantages of purchasing a vehicle include equity in vehicle, no mileage restrictions, and no issues with excessive wear and tear. Disadvantages include higher down payment and higher monthly payments.