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Leasing vs. Buying a New Car

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Pros and cons of lease payments and loan payments

Purchasing a new car is exciting, but figuring out the details of whether to lease or purchase can be a headache. Leasing is essentially renting a car for a set number of months, according to Cathy Pareto, president of Cathy Pareto & Associates, Inc., Investment Management and Financial Planning. To learn some of the benefits and disadvantages related to leasing a car, check out these tips from SmartMoney.com:

Benefits

Disadvantages

If you have questions about purchasing your next vehicle, stop by for some answers.

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