Want New Cars, Buy or Rent?
Besides winning the prize, only three ways that you can drive a new car, which pay cash, take out a loan, or lease. You should be able to choose which is best for you.
Paying cash can be the cheapest way because you do not have to pay interest. As for credit, you will get additional cost tens of millions and even hundreds of millions of dollars just to pay interest.
But if you pay cash, you’ll let go the opportunity to cash owned by it, such as for business or another. Your investment choices will affect the profits and losses you buy a car cash.
Maybe you will lose money by paying cash, because interest rates only 12 percent, while investment you make 15 percent a year.
However, there are strong reasons not to pay in cash, of which most people do not have sufficient funds to buy a car. So if you do not have the cash, stay two questions, whether cheaper rent or buy credits?
Monthly payments for rent must be cheaper than paying the loan. But remember, at the end of the loan, you’ll have a car, will have a resale value, or you can drive freely without monthly bills. With a lease, you will not have anything, except memories.
Why more expensive monthly payments? Monthly payment consists of repayment of the loan amount plus interest costs. Meanwhile, the monthly rent payment consists of the cost of depreciation plus interest costs. Therefore, car rental is much cheaper.
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Tags: car cash, depreciation, interest costs, investment choices, losses, memories, money, new car, new-cars, profits, resale value, three waysPosted in
