So, is it a good idea to finance your next car? Well, that depends. Think of auto financing as applying for a mortgage to pay off a new ride. This means you’ll live with it for the term of the loan which will likely take you into or through a life stage. So, you must ask yourself: Does it have space in the back for a stroller? Can you fold down the seats for hockey sticks or surfboards? Is there a third row to allow peace in a growing family? Does it have a backseat — or is this a mid-life crisis impulse?
If you know the answers to most of the questions above, consider taking the plunge. Financing makes the most sense if you want your car for the long haul. A lease ends when it ends, much like a car rental, but you’ll keep