Self-financing: What is better: buying or renting?

Buying a new car is always an exciting moment in life, but can also be confusing and time confusing, especially with so many different types of funding available. If your next vehicle purchase or play for the victory, it would be best to rent? Which option is best for you financially? Read more tips for the right decision for you and your financial management, the next time, if they are on the market for a new car. It is important to understand that there is no clear answer to this question. It 'really depends on your needs and circumstances. When examining the question of whether there would be to buy or rent, it is important to understand all the conditions regarding the lease. In general, the lease for a while 'time and you're probably at the height of the period, on the vehicle. If you have specified at the end of the lease, you are responsible for payment of an overdose. Also pay the rent, what is the financing cost for the end of the lease. It is therefore important to understand that while the rent may be less that the payment would be if the vehicle purchased winning bet, you are still liable for a sum of money at the end. Furthermore, it should be noted that it was not to build a vehicle lease is that if you buy it. On the other hand, if you have a vehicle, and for a long period, while you build equity, the amount decreases, the vehicle. With leasing, you have the advantage of paying only what you use, while the option you must pay for any purchase, even if implemented or not. Leasing has the advantage of lower payments and the possibility of a new car every two or three years. This can be important, many people, because it offers the advantage that the latest security features on your vehicle and the comfort of knowing there are problems of security. If you do not care if the enhancement of equity in the vehicle and not restrict the conduct of leasing may be the right choice for you. On the other hand, the acquisition win bet, increases the monthly payments, but the total cost of about the same as the lease of a vehicle, especially if all the factors, such as overdose fund payments and royalties. To purchase, you receive the advantage of actually being the owner of the vehicle and, if payment for the claim and the automotive industry, which could mean no vehicle. You must also take into account, however, that if the warranty has expired will be responsible for repair costs. This can be, when taking into account the fact that you do not have to worry about driving on the border with the lease. In addition, there are no surprise costs at the end, such as leasing options. At the end you really need to know your situation, needs and desires.