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Should I Lease Or Buy A Car Quiz

You've finally decided it's time for a new car. But should you buy or lease? This quiz will help steer you in the right direction.

Car lease benefits include:

-You can drive a new car every few years

-Leasing often has lower monthly payments than buying

-There's no need to worry about selling the car when you're done with it

Car ownership benefits include:

-Building equity in your vehicle

-Having the freedom to modify your car as you please

-No mileage limits

Now that you know a little more about leasing and owning, let's dive into the quiz!
1

Do you have a steady income and good credit?

Choose an answer
Yes
No
2

Do you plan on having the car long-term?

Choose an answer
Yes
No
3

Do you like to drive a new car every few years?

Choose an answer
Yes
No
I don't care
4

Do you want the freedom to modify your car?

Choose an answer
Yes
No
5

You drive about this many miles each year:

Choose an answer
15,000 miles or less
16,000 miles – 25,000 miles
25,000 + miles
6

Which of the following statements best describes you?

Choose an answer
I typically replace my vehicle before its factory warranty expires
I have a full inspection done on my vehicle before its factory warranty expires
I don't mind if my car is not under warranty
7

You service your vehicle by:

Choose an answer
Taking it to an authorized manufacturer/dealer service center
Taking it to an independent service center
Performing the service myself