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FINANCING OPTIONS TUTORIAL

TIP

How to know if leasing is for you - Use this checklist and tally the totals from each side. Whichever column(Buying/Financing or Leasing) has more check marks is worth seriously considering

Buying / Financing	Leasing
Satisfaction of owning your own vehicle	A chance to drive a new vehicle more often because lease terms are often shorter than finance terms
Plan on keeping your vehicle for a long time	Lower repair costs
You put a lot of wear and tear on your vehicle (for example, vehicle is used for your job)	Gap Protection (often included in the lease agreement)
No restraints on mileage if you drive excess miles	No resale or trade in hassles
The vehicle is yours to sell or trade in at any time for another vehicle	Potential lower monthly payment or ability to afford a more expensive vehicle than if you finance for the same term

TIP

Don,t be afraid to ask - When you read your finance or leasing contract, be sure to ask about any terms you don't understand or amounts that seem confusing. Mistakes do happen on occasion, but they're easiest to correct before you sign the paperwork



Jump to:
1.	Introduction	10.	Length of Financing
2.	Your Financing Options	11.	Leasing Through the Dealership
3.	What You Need to Know About Options	12.	How Mileage Affects a Lease
4.	Financing and Leasing Glossary	13.	Wear, Tear, and Maintenance
5.	Understanding Finance Terms	14.	When a Lease Expires
6.	Understanding Lease Terms	15.	Buy vs. Lease - How to Choose
7.	Payment Options	16.	Buy vs. Lease - An Exercise
8.	At the Dealership	17.	How Lease Payments Differ
9.	Financing Through the Dealership	18.	Exercise Your Options - A Quiz

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