When you’re buying a car, there are many factors to consider before you make your final decision. The decision to ‘rent lease or buy a car’ with the option to buy has long-term financial implications that can be easily overlooked. To help you choose the best option, here are some helpful hints

Lease a Car

The first is to lease a car, meaning that you rent the vehicle for a specified period. You don’t own the car during this time, and when the lease expires, you return the car and receive no equity in it.

Rent a Car

The second option is to rent a car and test drive it for your required time, a day or a week. You will experience the vehicle but not be responsible for any purchases afterwards.

Buy a Car

The other option is to buy a car in which you take ownership of the vehicle once you’ve made all the payments. In both cases, you can use your credit or that of a co-signer to finance the purchase.