Leasing or Financing – What’s the Right Call For YOU When it Comes to Owning a Car? NEWSTALK 1010 Podcast
December 4, 2020
Leasing and financing may sound like similar options but when you get down to the fine print there’s a big difference – what’s the right option for you?
Leasing your vehicle is where you borrow the vehicle and pay regular payments to the company lending it to you. You don’t actually own the vehicle, and there is a limit in how many kilometres you can put on the car in a given time without being penalized.
When you finance a car, you are the owner of the car only after you pay off your loan. After you finish paying the car off you can use it how you want, for as long as you want, and add any customizations or modifications that you want.
Check out NEWSTALK1010 for the difference between leasing and financing your car!