Though they can frustrate you at times, there’s not way of getting around the fact that having a reliable car is essential for most people. Navigating your busy life and meeting the many demands on your schedule would be next to impossible without having a vehicle at your disposal. When the time comes to secure a new or used car, consider financing over leasing. Here are a few reasons why obtaining car loans are your best options.
No Mileage Limits
Your work or other responsibilities may require that you drive great distances every month. If you were leasing a car, this would be a concern, as leases have restrictions on how many miles you drive. However, with car loans, you are free to put on as many miles as you’d like without any penalties.
You Pay For it, and it’s Yours
When you lease a vehicle, you generally keep it for three years and then trade it in. But when you finance your car, you make monthly payments, and then when it’s paid off, you own it outright. After this point, you no longer have to make any monthly payments.
When you use a loan to get your next car, you’re free to make any changes to the car you see fit. If you want to enhance the engine or change the body, or do anything to the car to your liking and preference, you can do so. This isn’t the case with a lease.