Advantages And Disadvantages Of Cars On Finance

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Buying cars on finance is always tricky business because not too many people know a lot about cars on finance and there is always the risk of getting ripped off – especially with a car on finance.

Cars on finance or just any car for sale is big business because when it comes to cars, even the cheap cars, there is always a lot of money involved. Let’s face it you’d be lucky to come across a good car that cost less than a thousand dollars and even then the probability of getting your money’s worth from that car would be quite a low percentage. 

What you need to do is learn a few tips which can help you out when it comes to buying cheap cars and which will stop you from getting ripped off. Don’t worry it isn’t like these tips are anything to do with the mechanics of cars or anything technical – you’re not expected to turn into a mechanic overnight – they are just a few generic tips which can make looking for a new car a lot less stressful and chaotic than it has to be.

However there are also quite a few disadvantages as well of buying cars on finance and even having a few handy tips to… well to hand isn’t going to stop buying a car finance Brisbane from being a mistake. Maybe cars on finance just don’t suit you or maybe there are better deals out there for you.

What you need to do is check the advantages and disadvantages of buying cars on finance and then make an educated decision. Here are a couple of examples of each.

Advantages

Price

If you are leasing a car on finance then the monthly payments that you have to incur are less than loan payments on comparable cars. Basically this means leasing a car on finance could be a lot cheaper for you depending on the car you want.

Warranties

Most cars on finance come with a warranty that lasts the length of the lease and also covers basic maintenance. This is a massive advantage for you and your wallet because you don’t have to worry about forking out for new tyres or a crack in the windshield with a car lease on finance.

Just hand it back

When the lease is finished then all you have do is hand the car and the keys back and you are done. It’s that simple.

Disadvantages

Mileage

Most cars on finance, if you are leasing, have a mileage limit and if you go over that limit then you can expect to pay for it, some as much as thirty cents per mile.

Price

Although a car lease on finance can be cheaper for comparable cars if you decide to buy the car at the end of the lease then you will end up paying considerably more than if you paid the money upfront.