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Lease vs Buy Explained - by

Lease vs Buy Explained

Which is Better: Leasing a Car or Buying a Car?

The answer is -- it depends. It's not possible to simply say that one is always better than the other because the answer depends on the specifics of each individual situation, which we will explain further.

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Credit and Car Leasing - Explained - by

Therefore, for someone with credit problems and low credit score, it may be more difficult to be approved for leasing than for buying. A bad credit rating can often be offset, however, by making a healthy down payment and/or making a security deposit.

A flawed credit history may also trigger a higher interest rate (lease money factor), although some lease companies offer a lower rate with a...

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Upside Down Car Loan - What To Do - by

Upside Down Car Loan - What To Do

Upside Down Car Loan - Negative Equity Loan

The term upside-down generally refers to the situation in which a car buyer owes more on his auto loan than his car is worth. Being upside down causes problems when trying to sell or trade a car, or when a car is destroyed in an accident.

The amount by which his loan balance exceeds the car's market or trade-in value is...

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