Automobiles

What You’ll Learn

This chapter breaks down the differences between leasing and financing a car, explains key loan terms like APR and down payments, and explores how loan terms can impact total costs.

Key Takeaways:

• Leasing vs. financing: key differences and trade-offs

• How down payments and APR affect total loan cost

• The pros and cons of short-term vs. long-term loans

• Factors to consider when choosing between leasing or buying