Main Points of Buying vs. Leasing

Disadvantages of Car Leasing

• You don't own the car at the end of the lease.
• Your mileage is limited to a set amount, typically 12,000-15,000 miles a year (excess miles are paid for at the lease termination).
• Lease contracts are confusing.
• Leasing is more expensive in the long run (as opposed to buying and driving until the wheels fall off).
• Wear-and-tear charges can add up (paid at lease termination).
• It's costly to terminate a lease early if your driving needs change.

Advantages of Car Buying

• Pride of ownership — you can modify your car as you please.
• Car buying is more economical in the long run unless you buy and trade-in regularly.
• No penalty for driving excess mileage
• Increased flexibility — you can easily sell the car whenever you want.

Disadvantages of Car Buying

• Higher down payment is generally required.
• Higher monthly payments
• You're responsible for maintenance costs once the warranty expires.
• Trade-in or selling hassles when you're ready to get rid of your car
• More of your ready cash is tied up in a car, which depreciates, rather than an investment that appreciates.

Look to Edmunds.com for more valuable information and analysis!

Ready, Set, Start!

GET READY! We're having a live remote with ESPN 1-3pm tomorrow, Feb. 8 at Dave Solon Kia, 1560 Auto Mall Loop In Colorado Springs.

GET SET! On March 1 at Dave Solon Kia, each of the qualifiers will have their chance to win!

START! One qualifier is guaranteed to win the car! 

We hope to see you - Good luck!

You Won't Believe These Driving Laws in the US

In Alabama, it is illegal to drive while blindfolded.
In Arkansas,  it is illegal to blare a car horn where ice cold beverages or sandwiches are served after 9 p.m.
In Connecticut, it is illegal to hunt from your car.
In Derby, Kansas, it is a misdemeanor to screech your tires while driving.
In Rockville, Maryland, it is a misdemeanor to swear from your vehicle.
In Massachusetts, it is illegal to operate a car with a gorilla in the backseat.
In Oregon, you can be ticketed if you leave your car door open longer than is deemed necessary.
In Scituate, Rhode Island, it is illegal to drive with beer in your vehicle even if it is unopened.

Hope you enjoyed these!