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Join Date: Sep 2012
Should You Lease a New Car or Buy a Used One?
There are two affordable options to get into a car without settling for an econo-box. The first is lease a new car and the second is to buy a used one, but which path is the better choice?
“Both options have their advantages,” says Randy Ellspermann, CFO of LightStream Lending. “If you have no need to drive a new car, then financing a used car will work well”, he says. “But sometimes the cost of financing may be a concern.”
While Ellspermann and Lightstream usually lend money to prospective car buyers, today he’s lending his expertise about these two methods of buying a car. Here’s the breakdown
What do you think is better: leasing a new car or financing a used one?
Read more at AutoGuide.com