What is the difference between a car loan and a car lease. any suggestions?

You don't own the car with a lease.You are just basically paying rent.

What is the difference between a car loan and a car lease. any suggestions?

on a car loan you end up owning the car. on a lease the dealer owns the car. Its a lot like renting or owning your home. leases are falling out of favor

What is the difference between a car loan and a car lease. any suggestions?

When you get a loan and pay for the car, the car is yours as long as you pay the loan back.

When you %26quot;lease%26quot; a car the car will never be yours unless you decide to buy it and then you are back to the %26quot;load%26quot; scene. I do not like leases and have never used on. All you money is gone and you have nothing to show for it. Also, at the end of the lease when you turn the car back in, if you have too many miles on it, you pay, damages, you pay, so I don't consider the %26quot;lease%26quot; a good investment. Pops

What is the difference between a car loan and a car lease. any suggestions?

Car loan is usually taken from a bank at a particular interest rate, at the end of the agreement, you own the car. It is giverned by the hire purchase act.

Car lease is a more comprehensive coverage of the car, which includes road tax, insurance, servicing and repairs. The insurance premium remains the same throughout the lease agreement regardless of the number of claims. Your motor costs is fixed throughout the agreement. Under the operating lease, you do not own the car at the end of the lease.