This website uses cookies to ensure you have the best experience. Learn more

The Decision To Purchase A Car

1087 words - 5 pages

The decision to purchase a car is the second largest financial choice a person can make. There are a few options for vehicle financing. Since the majority of people aren’t paying cash outright for their vehicle, figuring out whether to purchase or lease the car can be overwhelming, intimidating and or confusing. Different elements come in to play when deciding whether or not leasing is right for your financial situation and lifestyle. Because the average consumer isn’t educated about the benefits of leasing a vehicle, leases are sometimes not even considered an option. I hope to highlight how there is value in leasing a vehicle, and more drawbacks when it comes to purchasing outright.
When ...view middle of the document...

If you are only able to put a small amount down at the time of the lease, a larger monthly payment can be expected.
Typically, a lease lasts about three years; this is also the length of time of most factory warranties. Because of this, the car is covered under warranty for any repairs for the term of the lease. Regular maintenance is still an expectation for the duration of the lease agreement. This can include oil changes, tire rotations, and any factory-recommended preventative services. Today, a few of the top manufacturers are even offering free maintenance for the first two years of the life of the new vehicle, leaving the lessee responsible for only one year of vehicle maintenance. If the lessee fails to keep the vehicle properly maintained during the lease agreement, there may be additional fees assessed at the end of the term.
If you like the feeling of driving a brand new vehicle every two to three years, enjoy peace of mind that comes with dependability, or just plain like to have the latest and greatest gadgets and safety features on the market, leasing could be the better option for you. At the end of the lease term, if you decide you absolutely love your car, there is the option to purchase it with cash, or finance the remaining balance. Where some people are concerned with mileage being a factor, rather than “turn the vehicle in” at the end, you always have the option to sell the car on your own to pay the balance, or trade the vehicle in for something else. Ultimately, there is always more than one option at the end of the lease term.
When you make the decision to buy or finance a new car outright, you take a gamble with its resale value. It’s not easy to determine what the vehicle will be worth when you’re done with it, and ready to sell or trade. Its resale value is never guaranteed at the time of the purchase. With leasing, the future value is...

Find Another Essay On The Decision to Purchase a Car

A Car: The assignment was to analyze an object

1033 words - 4 pages Irons 1Troi IronsProfessor KraftEnglish 1014 Ocotber 2006A CarA young and rebellious girl rushes outside after a quarrel with her mother. For amoment, she stands completely still, battling the rage inside that tries to take over.Finally, she contends no more as her anger fully envelopes her thoughts and actions.She stomps into the garage, swings the car door open, pulls the key out of her pocket,starts the ignition, and slams the car door. As

How To Wash A Car Essay

662 words - 3 pages How to wash a car There is many different ways to wash a car, but here is the correct way that generally works for the majority of people. Washing a car thoroughly takes five different steps to complete a clean exterior. Step1: Wheels are a good place to start, because the cleaning products for wheels work best on dry surfaces. Spray on the solution as directed by the instructions, and see if the dirt and dust is removed. Use a little more

A Decision To Make

1140 words - 5 pages What do you do if there is a difficult decision to make, and this decision will effect your entire family and even what people think of you? Add the fact that no matter what decision you make, it will feel like a mistake. These are the things I am dealing with when trying to decide whether or not to put my son in a group home.My son is nine years old and suffers from Autism, Cerebral Palsy, and mental retardation. He was born prematurely and

A Car in the Woods

1212 words - 5 pages XI A CAR IN THE WOODS Nate trudged up the incline through thick underbrush. The wild growth looked cool from the house, but hiking in them became a chore. The sound of a creek that ran parallel to the road acted as his compact. He couldn't always see the creek, but the gurgling shallow water rushing across the rock bottom would help him find his way back to the farm. According to Hannah, it was

How to Change Oil in a Car

1148 words - 5 pages How to Change Oil in a Car Owning a car is usually a significant investment for an individual. Changing the oil on your car plays an important part to help keep it functioning at peak performance and to ensure that your vehicle last for many miles. You might wonder how often does the oil need changing. Well, manufactures advise that the oil is changed every 3,000 miles or every three months, whichever occurs first. Changing the oil is not

How to Wax and Polish a Car

1103 words - 4 pages Keeping a car clean and washing it on a regular basis is important, but to keep a car looking show case nice, you need to wax and polish it every few months. Sure everyone can have a clean car, but what really makes it stand out will be the shine it will have after a good touch up and giving it that new-car look back to it. There is a saying that goes like this “a car is only as clean as the owner”, so why not make a good first impression

Making the right decision to a fulfilling career

757 words - 4 pages these statements actually bothers my mind in which it gives a different approach of viewing how life would be without a good successful career. Sometimes, doubting yourself of making it throughout 4-years of college may occur but the right decision is to always follow instincts and change a fixed mindset to a growth mindset. Almost a year now in college, and seeing a lot of experiences, which includes all the negative comments made by most high

A Confrontation: The Decision to Keep My Children Safe

1276 words - 5 pages provide care for them during this time was, what we thought, an easy decision. My mother and step-father had agreed to take them for the time we were going to be out of town. This plan would have been perfect, if it had not been for one particular issue that we had to deal with.I was very happy that my mother and step-father had offered to take our three children during this time, until a situation arose. I found out that my mother was spending more

"To Dream Of The Ultimate Car"

473 words - 2 pages Ever since I was a little girl I dreamed of sitting behind the wheel and cruising around town in an expensive, sporty-looking automobile. I wouldn't settle for anything less than the best. It had to be something "hot" yet sophisticated, something fast, and something sporty. I could just picture myself going from car lot to car lot searching, admiring and test-driving that ultimate car. The only obvious question is "Which is the one for me?"First

The art of owning a car

700 words - 3 pages them to own things that most people in society can’t have. Even though these people who are successful or wealthy earn their success, they can have a shift in emotions when they become higher in society. These wealthy individuals sometimes buy nice cars that can arouse this change of feelings. The art of having a luxury car brings the feeling of being superior and selfish towards others. The feeling of being superior towards others comes from

The Decision of a Lifetime

1010 words - 5 pages Once chance, one choice, one shot to get it right, and if you're wrong, I'm sure you could chose again, but no one would want to go through that pain again, so for now, one choice, one chance. You know it will pay off in the long run, but it's something that sounds so unappealing to you that you would do anything to get out of it. That "something" can be as simple as not wanting to do your chores, or something a little more of a life decision

Similar Essays

Economic Decision To Purchase A House

1805 words - 7 pages alternatives they would have gotten to experience with the money spent on the purchase of a home. In other words, the money spent on a home could have been used to pay for college, taking that much-needed vacation, or buying that dream car. Therefore, an individual should ponder heavily the pros and cons the other possibility could have against the choice to purchase the home. Meaning an individual needs to identify what benefits, the purchase of

How To Purchase A Laptop Essay

1079 words - 4 pages towers are all but forgotten. Monitors these days measure roughly one inch in width, far smaller than the once popular (now referred to as) dinosaur monitors. With companies like Apple and Dell constantly coming up with new devices it’s hard for the buyer to purchase with one is right for them. There are many things to consider when you’re shopping for a new tool to access today’s newest technology and the buyer must then ask his/herself “what

Formal Recommendation To Purchase A New Atv

946 words - 4 pages , the 2000 Yamaha Grizzly should be purchased. INTRODUCTION This report recommends the purchase of a new four wheel drive ATV. Using the internet for resources, the choice has been narrowed to two: 2000 Yamaha Grizzly and 2000 Honda Foreman ES.      Each ATV has been evaluated using the following criteria, in descending order of importance.      ■     Rack

The Decision To Become A Suicide Bomber

901 words - 4 pages , The Ground Truth, that American foreign policy seems to be the driving factor behind Osama bin Laden and Khalid Sheikh Mohammed’s decision to organize the attack on 9/11. Perhaps the two cultures really aren’t as different as they seem. Conceivably, Filkins’ initial inquiry may be irrelevant to Ra’ad’s ultimate decision to become a suicide bomber. One common misconception held by Americans is that those who practice Islam hate everything