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| *Loan,banking and credit>>>auto loan |
Is it easier to get a lease for a car or auto loan? |
Is it easier to get a lease for a car or auto loan? In the old days (more than 5 years ago) they used to say it's easier to get a car loan than a lease. This still holds true to an extent. If you have good credit, they are both easy for you to get. If your credit is not so good, it will be harder to get a lease. The difference is there are many sub-prime/secondary lenders for car purchases and almost none for leases. Look into the pros and cons of a lease before you decide. There are instances where a lease would make more sense than a purchase and vice versa. One thing to keep in mind is that leases always require "excess liability" insurance coverage. That is a minimum 100k/300k limits of liability. In other words, your insurance will be more expensive. If your talking easy, then they are both about the same. But the best way to go is through a bank with an auto loan. You almost always get a better interest rate. Also, if you can, go through a Credit Union, they will have the best rate overall. Good Luck! |
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