You have decided on the model of new vehicle that you want. Now you're faced with a relatively different question. Should you lease or buy your new vehicle. There are major differences, and in some instances, these differences make a lot of people nervous.
To purchase a vehicle, a credit company or bank pays the dealer for the automobile, and you make payments directly to the credit company, who now becomes the title holder. At the end of that term, the vehicle is yours. The credit company signs the title over to you.