With prices today, you might consider financing or leasing your next car. If you do, here are some things to keep in mind.
Before you finance or lease a car, look at your financial situation to make sure you have enough income to cover your monthly living expenses. You may want to use the “Make a Budget” worksheet as a guide.
Should you take on a new monthly payment? Finance or lease a car only when you can afford to take on a new payment. Saving for a down payment or trading in a car can reduce the amount you need to finance or lease, which then lowers your financing or leasing costs.
Do you have a trade-in? In some cases, your trade-in will take care of the down payment on your new car. But if you