Lease Or Buy A Car at Buying

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Lease Or Buy A Car. Any equity you have in the car can be used toward the purchase of a new car. Monthly lease payments are usually lower, but you have nothing to show for all those payments at the end of a lease.

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Leasing a vehicle is typically a great way to save money on a month to month basis. At the start of the lease, the vehicle's eventual value (at the end of the lease) is predetermined by a projected residual value. That is because a monthly lease tends to be cheaper payment wise than taking out a loan and buying the same car outright.

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