Source: Pixabay Those looking to get behind the wheel of a new vehicle have three ways to proceed; pay cash for the purchase, finance it with a loan, or lease the car. Given that almost 84% of new vehicle transactions involve a loan or a lease, we’ll look at the differences between financing and leasing a car. There are important distinctions to understand before signing any paperwork. Let’s review how each method works and the respective advantages.

Source: Pixabay The Volkswagen Golf is an excellent choice for a compact vehicle. It’s been on the market for almost fifty years, extending across eight generations. If you’re interested in the classic Volkswagen Gold, it’s crucial to examine new and used options. You might wonder - what is the best year for the Volkswagen Golf? If you’re interested in learning more about the best year for the Volkswagen Golf, you’ve come to the right place.

Lexus GX 470Alexander Migl —CC BY-SA 4.0 The Lexus GX 470 is a sleek, midsize luxury SUV option. It offers luxury and ruggedness packed into one car. If you are a fan of Lexus and are interested in this car for your future, this vehicle could be the proper selection. When considering a purchase, look at new and used options. You might wonder - what is the best year for the Lexus GX 470?

Source: Pixabay Asking, “Can you modify a leased car?” is a question with multiple answers. In other words, it all depends on what changes you’re making and what is allowed by the leasing company. It’s an oversimplification, but a car lease is nothing more than a vehicle rental. That is to say: you don’t own the car you’re leasing; the leasing company (usually the automaker) does. Think of it another way; you’re limited to what changes you can make to a rented apartment versus a home you own.

Photo by Gustavo Fring via Pexels If you have ever purchased a car or home with a loan, you might be familiar with the concept of refinancing. When you refinance something, you typically pay off your existing loan balance with an entirely new loan with more favorable terms, such as a lower interest rate. Doing this can save hundreds— if not thousands— in interest payments over the life of your loan.

For two decades or so, the BMW X5 has remained one of the best-selling luxury SUVs in the market. As a proper off-road SUV introduced by the German automaker, the X5 continues to impress with its satisfying performance, high safety scores, and stylish good looks. Moreover, the BMW X5 is also available in a three-row model for seating up to seven and better utility. As a luxury model, the BMW X5 is on the expensive side.

Source: Pixabay Leasing a vehicle is a great way to get a new model every few years with the benefit of having routine covered maintenance and a lower down payment. Car dealerships and ownership groups effectively let customers drive their vehicles for some time but generally with stricter leasing regulations than they would be than someone buying a car for cash or with a trade-in vehicle because of its higher risk.

Chevy Tahoe by Matti Blume — CC BY-SA 3.0 The Chevrolet Tahoe is an all-American great large SUV that remains a popular choice for families despite being in production for decades. Beating out its rivals, such as the Expedition, Sequoia, and Armada, the Tahoe has proven itself to be a capable, family-friendly SUV that dominates in comfort, towing capacity, and cargo space. Not all Tahoe model years are created equal, as some are clearly better than others.

Chevrolet Traverse by RL GNZLZ— CC BY-SA 2.0 Since its 2008 market debut, the Chevrolet Traverse is consistently a popular choice in the midsize SUV segment. The Traverse offers a quiet interior, responsive handling, a comfortable ride, and plenty of utility – thanks to its three rows of seating. This makes the Traverse a viable alternative to full-sized SUVs, including Chevy’s Tahoe. Although the Traverse does have it rough due to segment competitors like the Hyundai Palisade and Kia Telluride, it certainly does an excellent job of holding its own.

Source: Pixabay The Honda Fit is a unique hatchback that has grown in popularity over the years. Although it isn’t super powerful, its fun shape and exciting handling make it a crowd favorite. If you’re interested in this vehicle, consider old and new models. You need to ask - what is the best year for the Honda Fit? If you’re interested in learning more about the best year for the Honda Fit, you’ve come to the right place.