New, Used or Lease?
Buying a New Car
Get the exact car you want Depreciation!
Buying a Used Car
Usually cheaper Can require more maintenance
Car insurance can be less More difficult to find the car you want
Use Kelly Blue Book and CARFAX to
help you get a good deal
Leasing a New Car
Lower monthly payments You don’t own the car
Routine maintenance usually covered You must cover all unusual wear and tear
Lower down payment Annual mileage limit
New car every couple of years Continually leasing is more expensive than buying