✅Every one of us is going to encounter a time in our future where we have to decide whether we should Lease or Finance our car. Follow me on IG: @Riseandgrind.mo
School doesn’t teach us any important life skills such as making major purchases in our lives. Buying a car is sometimes one of the toughest things we have to do. Many of us who didn’t have the privilege to be taught by our parents, we had to learn the hard way.
Let me break this down in the most simplest way for anyone to understand.
Lease – Means to borrow a car from a dealer for a certain time period
Finance – Means to purchase/own a car from a dealer for a certain a period
Lease – After the period, you have to return the car.
Finance – After the period, you own the car and can do whatever you want with the car.
There’s pro’s and con’s to both sides. We need to value them based on our own circumstance and see if it makes sense financially.
Make the correct decision financially! Don’t buy something you cannot afford.
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