Edith wrote Hi! I'm looking to get a peugeot 307cc...should I buy it outright or should I lease it from a dealer?? which is cheaper? Thanks!

Hey Edith,

Well That Depends, if you lease it you may have the option of in a couple of years trading it in and getting a newer model without having to increase your payments, with leasing you can increase or decrease your end balloon payment by choosing how much you pay off the lease each week, but the cheapest option when buying a car is always Cash upfront, have you ever met a car dealer who didnt like Cash!

Jacob,

Thanks Jacob!

I don't really have enough cash at the moment though...I think I'll look into leasing it.

Hey Edith,

Have a look here,

http://www.artog.com.au/Products/CarFinance/GlossaryandGuides/tabid/125/newsid518/601/Default.aspx

It should give you a good idea of the main differences,

Cheers,

Chris,