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November 20, 2017

Avoiding wrong turns when you finance a car

  • A third of the people who come to a dealership with a car to trade in owe more on it than it's worth: $5,143, on average.
    • By RONALD MONTOYA and MATT JONES
    Edmunds

    If what you really want is a low monthly payment and the freedom to swap cars after two or three years, you should be leasing.

    The advantage of financing a car is that eventually you'll pay it off and enjoy debt-free car ownership. That's why buyers are willing to pay more per month to own than to lease.


     
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