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Should you buy or lease that new car?

By BankingMyWay.com Staff If you're thinking about getting a new car, the first decision is whether to lease or buy.

Gas Price Falls to Lowest Level in 5 Years

The Associated Press. The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released Sunday.

Why Auto Bailout More Resisted Than Bank Rescue

Frankly, the banks' prospects of making money are better.

BMW Sales Slide 25% in November

The global slowdown hit the German automaker, with the drop in Mini sales being the most significant.

Toyota to Suspend Output at Third Plant

Japan's biggest automaker said it was suspending production at a third plant later this month as it tries to cope with falling demand in the U.S. and around the world.

Dodd Endorses Big Three Bailout

The Connecticut Senator said that letting them fail would be like 'playing Russian Roulette with the U.S. economy.'

Sweden Talks to U.S. Carmakers About Saab, Volvo

The Swedish government is concerned that any bailout by the U.S. wouldn't include foreign subsidiaries.

Ford Considers Sale of Volvo

With all of the problems facing the auto industry, the company is considering shedding its Swedish unit.

Fitch Lowers Credit Rating on Toyota

Fitch cut Toyota's credit rating to "AA" from "AAA," blaming the world's auto market slump and surging yen.

Venezuela's Chavez Eyes Oil Price Band

The South American leader is going to propose that OPEC set a price range of $80-$100 a barrel.

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Should you Buy or Lease your next vehicle

Leasing, rather than buying a vehicle, can be a good option for some. If you lease, your monthly payments will be smaller than if you financed the purchase. Leasing, however, requires some contractual obligations, so it isn't right for everyone. To determine what makes sense for you, answer the questions below.



Should you pay off that car loan sooner?

Increasing your monthly payment can save you money in interest and shorten the term of your loan. This early auto loan payment calculator helps you determine both, depending on the amount you add each month



Calculators: Access to our Savings, Mortgage, Auto Loan and Personal Finance Tools.

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