Whether looking for a new or used vehicle, there are several things to consider when you go car shopping in person or online.

Leasing a vehicle

Typically, an option that buyers choose to get into a new vehicle that does not require maintenance from the purchase date.

New or recent vehicle models will have the latest features and safety equipment. The monthly payments are usually lower than financing a car. The lease will require some amount of downpayment.

Financing a vehicle

Buying a new or used car is the most popular way of getting a car. The car belongs to owner after they finishing making the payments on the vehicle.

Customers have the option to sell or trade in their vehicle at any time. They apply for a loan through the dealer financing or through a bank.

It may be possible that the customer gets a good interest rate on the loan through the dealer if there are offers for customers with great credit history, college graduate programs, or federal tax incentives.

If the customer has a bank account, they can check if there are special offers for being a bank customer.