When it’s time to get a new car, your first decision is whether you want to buy or lease. Both options have their merits, and the decision comes down to how long you want to stay in the same car and how much driving you expect to do. Your cash flow and credit score could impact the decision, but even with poor credit, you have options to make sure you get the vehicle you want. Let’s start with some questions to get you thinking about your vehicle needs and expectations:
There are positives to either option, but you have to be careful to make the right choice for your current budget and driving needs in the long run. Be realistic about the amount of driving you do and how long you’d like to have the vehicle. Evaluate your liquid cash and take into consideration your credit score to figure out how much you can afford. The sample questions above are meant to help you make this big decision on your own but if you’d like to talk more in-depth with someone about your options, feel free to contact our Financial Team today.