Car payments are one of the top two expenses, along with housing for any household or individual. As such, it is a good idea to debate the pros and cons of leasing vs. buying before pulling the trigger. Below, weve discussed some important facts related to leasing and buying that can help you make an informed choice.

Leasing

Car leasing offers much greater value than buying through a traditional loan when it comes to monthly payments. That's because lease payments are based on depreciation in the value of the vehicle...continue reading



Middle aged woman being handing the keys to a new car she financed in Neptune, NJ.

Pre-qualification can assist you in determining whether you could get an auto loan approval or not. The process can help you to get an estimation rate while shopping for a vehicle.

However, if you are pre-qualified for a loan, it does not signify that your car loan will be automatically approved. You have to still fill up the formal loan application so that the lender can review it.

Thus, pre-qualification can offer a proper idea about the odds of your car financing approval. You will also get to know about the...continue reading



Young professional women paying bills on her computer and stressed about making ends meet.

Many consumers opt for car financing to finance their purchases. However, there can be certain unexpected situations such as a sudden loss of job, medical exigency, or car repair. Such conditions can have a big negative impact on your financial condition such as repossession of your car, delay or default in paying installments, and negative credit reporting.

In case you go through one of these conditions, you should consult your lender. They may have many alternatives for you so that you can repay your loan. If you face...continue reading



Young professional woman showing her excitement about receiving a car loan from Sansone Jr's NJ Auto Lending.

Purchasing a four-wheeler is one of the major investments made by many people, which comes second to buying a house. Although cash payment is the most ideal scenario, in practice, many people opt for an auto loan to pay for the used or new cars. Before even starting the process of buying a car, check out these five important things you should be aware of about car financing.

1. You should know your credit score well

A credit score is the most crucial criterion to determine what kind of loan will be pre-approved. It also...continue reading



Desk including glasses, phone, calculator, computer and coffee used to look up information about leasing cars at NJ Auto Lending

Are you currently a vehicle that is on an auto lease? Do you love driving this car? If so, the option of buying the vehicle at the end of the lease term probably seems very tempting. Buying out your auto lease has many advantages and a few drawbacks as well. Consider these points listed below, before you make a final decision.

Pros 

  1. If you decide to purchase this vehicle, you are already aware of its history. Since youve been the only one to own and drive it, you will have complete knowledge about its maintenance...continue reading