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Though-out this presentation you will be introduced to "Buying Vs. Leasing a Vehicle." We have discussed the financing aspect of things that talk about getting a direct loan oppose to a loan from the dealer. We also discuss the advantages and disadvantages to leasing a vehicle where we get further discuss the long term commitment in leasing. We then discuss the VIN stamp and how it affects the price and operating costs. We will also discuss the options the owner has when selling a leased car. Finally, we will discuss how financing a vehicle works. By then end of this presentation you will be mentally, financially set before going out to either purchase or lease a vehicle of your choosing.

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I have learned several types of financing and leasing a car. I was surprise that there are a lot of ways to save your money. For example leasing would be a best way for us student to own a car. Plus we are only eligible for leasing. Leasing a car is cheaper and we can chose higher trim of any affordable car we want but there are limits. But then again if you are only going to school then home, your mileage doesn’t go up that much.

In my experience buying a car, I was advice to get a lease car because I am still a student. And this topic there are many ways to save money and find a best option of buying a car. This topic covered leasing would be better because it is cheaper. My partner Katie bought her car in cash, she work hard for the past years, I got mine due to my dad helping me.

Website one is interesting because it tell you in steps of how to finance a used car. It is helpful if you want an affordable car and there are options of getting it. For example some dealers do no credit, low credit or bad credit that allows you to buy a car off them. But some consequence may accrue due to the car is already used, it may have hidden damages within the car. But this is another way of buying an affordable vehicle.

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This video talks about financing vs leasing and a pros and cons of it. The guy in the video said that a car is a depreciating mean that it losses value. Leasing a car has limits of mileages but cheaper therefore you can get more expensive/luxury trim of any type of car your leasing. Financing a car would be expensive but there are no limits. It all depends to a person if he or she can afford it. For example a buyer is a student, leasing would be eligible for him/her lease a car because it’s cheaper.

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This video explains how car financing work. There are several way to buy a car, for example cash, credit, or loan. When you buy a car you will have to talk to a car dealer, he or she will arrange all application and see if you are eligible to purchase a vehicle. Then you will have that 3 option to pick. There two types of finance a car when approve, first is a big down payment and higher monthly bill but at the end of term you will not own any money to the dealership and it’s a short term finance. Second is a lower down payment and lower monthly bill but for a long term.

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This video explains how Leasing works. Leasing a car means you are renting it in a limited amount of time. It is the best option to get the car cheaper. So for example leasing a car for 3 years you would only pay $100-$300 by-weekly but there are limits, lease car has limited amount of mileage and non-aftermarket parts are not allowed. Each vehicle has Equity. In the end of the lease the car value goes down to 40%-70% depending to the cars current condition. There are several best option after leasing a car, option 1 is buy it, 2 Trade it, 3 sell it, and 4 turn it back to the dealer.

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The images that expresses buying a vehicle with cash Vs. leasing a vehicle with signing closing documents relates to our topic, “Buying Vs. Leasing a Vehicle” as it shows the ownership of a vehicle though cash and the ownership of leasing a vehicle though a contract. With buying a vehicle you own that vehicle as you would be on a fixed contract until that car is paid off or have had enough money to pay for it up front. This is where the paper bills mimic the ownership of something as the owner had paid for that idem. Leasing a vehicle is replicated though a lease document as it shows that you don’t own the car but renting it for a certain period of time.

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The image that expresses vehicle costs in a whole relates to our topic, “Buying Vs. Leasing a Vehicle“ as it displays the cost factors from bringing to end when choosing the option of buying a vehicle. I found this image to be quite useful as it displays the short term as well as long term costs in choosing to buy rather than lease. The factors are really important as unfortunately, many people do not consider all of these factors when buying a vehicle and leave their selves short handed.

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The image that expresses the difference between buying and leasing by showing them in opposite directions relates to our topic, “Buying Vs. Leasing a Vehicle” as it expresses the contrast between the two. In the presentation slides it shoes the advantages and disadvantages (differences) between the two options which contrast each other.

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The article “Vehicle Purchase” is relevant to our topic, “Buying Vs. Leasing a Vehicle” as it discusses the Vehicle Identification Number (VIN) and what it is able to tell you. This corresponds with the presentation slides as in the slides it discussed the choice of size, body style, and features affects the price and operating costs. The one piece of information I found most interesting was that even if the vehicle history comes back clean it could have been in an accident that was never reported and this is why when buying a used car you always bring it into your local mechanic shop to have things inspected.

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The article, “What Are the Advantages and Disadvantages to Leasing a Car?” is relevant to our topic, "Buying Vs. Leasing a Vehicle" as it provides the advantages and disadvantages to Leasing a Car. It also provides its viewers with the entire concept of what Leasing a car entitles the customer to. One piece of information that I found most helpful in this article was that there is no long term commitment in leasing a vehicle. So for people who consistently move for work purposes they would most likely choose to lease rather than own as they would have to re-register their vehicle each time they moved is they were to own the vehicle. I did not know this prior to reading this article and will assist me in the future as with the line of work I am involved in, I would need to consider this. This article relates to the presentation we were introduced to in class as they both provide the advantages as disadvantages to buying a vehicle. It also discusses leasing costs.

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The article “How to Finance a Used Car” is relative to our topic, “Buying Vs. Leasing a Vehicle” as it provides two methods in how to finance a used car. These two methods include; getting a direct loan and getting a dealer loan. The one piece of information I found most useful in this article was that “if your credit score is 680 or above, you are considered a prime borrower and are eligible for the best insurance rates available. The higher the score, the more bargaining power you have to negotiate a lower interest rate.” Prior to reading this web page I was unaware that the higher your credit score the better your chances are in receiving a lower interest rate as it was my previous assumption that interest was at a fixed rate and was unable to be lowered.

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Presented By; Kaitlin Weir and RJ Abulencia