The decision to lease or buy is one of the most fundamental decisions you can make about new car ownership. Depending on your personal tastes, both offer certain advantages that might make one better for your lifestyle over the other. Consider the points below to help you make your decision.
There are many advantages of leasing a car. Perhaps the main benefit is the reduced level of commitment: the terms are agreed upon at the beginning so you don’t have to worry about negotiating a trade-in or selling the car if you want to get a new one. This makes it easy to get a new car every two or three years.
The other considerable benefit is lower monthly payments compared to an auto loan. This allows you to drive a nicer car for the same amount of money compared to buying a car. Leasing a car also has less sales tax and you don’t have to worry about repairs since the vehicle is always covered under the factory warranty.
What are the downsides to leasing? If you like to customize or modify your cars, that isn’t possible when you’re leasing a car. It’s also more expensive in the long run compared to buying a car, and if you want to get rid of it before the end of the term, there are costly fees.
Buying a car has several advantages. Although it is more expensive in the short term, after the loan is paid off, the vehicle is yours. Since it’s yours, you can modify it and drive it as much as you’d like. You can also sell the vehicle at any time because you are not bound by a contract or lease agreement.
Infiniti is about to take a big leap into the supreme luxury class with the upcoming reveal of the Q80 in Paris.
Sketches of the Infiniti Q80 Concept reveal a four door fastback shape that is wide and low, giving an athletic, commanding stance. The powertrain is a high-performance hybrid-electric version and the vehicle is rumored to feature an advanced adaptive suspension that will make this one high performance luxury car.
We’re excited to see what the Paris Auto Show has in store for the Infiniti brand. Current Infiniti models like the QX70 offer the perfect blend of performance and high luxury, and the Q80 is expected to take this to the next level.
We hope this beautiful concept gets produced in the next year or two! Stay tuned to our Joseph Auto blog to stay up to date on the status of this brand new Infiniti!
If you could design the car of the future, what would it look like? Toyota wants to know as it announces the return of the Dream Car Art Contest.
“Every year, it’s exciting to see how the Toyota Dream Car Art Contest inspires youth from around the world to design their vision for the future of transportation, and it’s inspiring to see so many also consider how technology can help address larger societal issues facing their generation,” said Mike Groff, president and CEO of Toyota Financial Services (TFS).
Kids between the ages of four and 15 are eligible to enter their drawings from now until December 13.
Nine winners from the US will be chosen in the spring of 2015 to advance to the World Contest where they will have a chance become one of the Thirty World Winners and earn a trip to Japan for the awards ceremony. The nine US winners will also receive an iPad.
Visit the TFS website for all the details; and, don’t forget to let us at Joseph Auto know that you’ve entered the contest. We’ll be rooting for you!