Overhaulin'

lease vs. regular car buying?

what is the difference (if there is any) between lease and regular car buying? When buying a car what fees need to be payed beside sellers price? Thanks

Public Comments

1. lease: usually lower payment must be maintained set mileage for people who like new cars can not be customized no ownership of vehicle maintain full insurance coverage buying: ownership can customize no mileage restriction can sell or trade in payment can be a bit higher can have liability insurance fee for car title/registration tax
2. I don't know where you are located, however in India a number of banks offer advances fo buying a car with no extra file or processing charges except for the pre defined interest. You must understand the calculations regarding interst amount, if you don't consult some knowledgeable person for the purpose, otherwise you may be webbed to pay some extra amount. this practice is generally followed by private financers. In case of nationalized banks, you can trust them at face value. Regarding additional amount, on the ex-showroom price you pay the insurance amount, road tax, entry tax and perking fee in certain states (not every where), and for the registration and number plate. The sales tax or value added tax is included in the ex-showroom price. Happy motoring KKK