Posted by NewBuyer on December 31, 2009 | No Comments
This tool will allow you to estimate the difference between renting a property and buying a home. Type in your monthly rental payment, purchase price of the home, anticipated down payment, mortgage interest rate and number of years you plan on keeping the home.
The result is a solid analysis including payment comparison, before tax savings, after tax savings, tax considerations, investing compared to appreciation on the home, and rent versus own savings. An example conclusion is “by buying your home versus renting you will have saved $636,437.38 over the next 30 years.”
Source: E-loan
Read More About Renting vs. Buying a Home at Newbuyer.com
Posted by NewBuyer on December 31, 2009 | No Comments
Five new car buying tips to consider to insure you get the best deal on your new car. Advice includes the importance of doing your research, test driving the car, the dealership’s website, asking for recommendations and shopping toward the end of the month.
From the resource: “With the right back of tricks and a helpful set of car buying tips, anyone can navigate the complicated waters of buying a car. By taking your time and being prepared, you give yourself the best possible chance of finding the right car for your needs.”
Source: Autos.com
Read More About New Car Buying at Newbuyer.com
Posted by NewBuyer on December 31, 2009 | No Comments
On page two of this article, the financial advantages of leasing a car are presented. These include: a lower monthly payment, an auto warranty is available for entire length of the lease, auto leasing negotiability and auto lease transferability. Disadvantages of auto leasing are also revealed: high cost of exceeding mileage, confusing negotiation, penalties for terminating the lease early and the need to purchase another vehicle at the end of the lease.
Source: Helium
Read More About Auto Leasing Pros and Cons at Newbuyer.com
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