Buying a car is a very important decision and it can take a lot from you. It’s not like purchasing a piece of paper or a television but it’s a huge decision and you have to make it through proper procedure. Nothing has more excitement than getting a new car and it’s equally fascinating for you and your family. But you should know that you are betting a large amount here and it’s necessary to take the key steps in order to coming up with a choice.

A new car usually costs a much but on the contrary, a used or second hand car costs a lot of less money and the features will be pretty same. The first thing you have to decide is either you want to buy a new car or a used one. It depends upon the money you have. If money isn’t the big deal then there is nothing stopping you to buy a new one but if you have limited cash you should discuss getting a used car with your family. You know you are not the only one who is going to drive or ride that car so it’s very important to come up with a choice mutually. Suppose you have decided to go for a new car then there are different perspectives you have to go through.

There are many online tools that allow you to compare two or three cars at a time and that way you can decide more precisely but if you want to do the comparison by yourself, there is nothing to be afraid. You just have to go to showrooms and ask about the prices and specifications of two or three models that you like. After that, it’s a piece of cake to choose the best option.

Here is preview of this a Buy Vs. Lease Car Comparison Analysis Template created using MS Excel,

Buy vs Lease Car Comparison Analysis Template

Now you can compare the features of those two cars like:

1: Price:
This is like the most important milestone. For example, two cars that you are going to choose between are BMW Alpina B7 and Audi A8. Now the price of BMW is $127,500 and price of Audi is $134,500. There is not much difference in the prices and we can tell that it’s going to be a tough competition.

2: Destination Charges:
It’s like second most important thing to consider. Destination price means the delivery charges of a car. Here the destination charges for both BMW and Audi are $895.

3: Engine Power along with Transmissions:
It’s also a very important feature a car has. You have to consider the driving and geographic situation to come up choosing an engine. Here BMW comes with a 500-hp 4.4 liter v-8 engine with 6 speed automatic transmission where on the other hand, Audi comes with 500-hp 6.3 liter v-12 engine with 8 speed automatic transmission. Now here’s the break through. You see Audi costs a little much but it has more powerful engine as compared to BMW’s engine and now it doesn’t look like a costly car.

4: Fuel Economy:
In present world where the economy is changing day by day and more and more countries are going through energy crisis, it’s better to choose the more economy friendly car like BMW 14 mpg in city and 22 mpg on highway and Audi on the other hand, has 18 mpg in city and28 mpg on highway.

There it is. Now you have a clear choice and it’s definitely the Audi A8. Also there is more in this list but these are the main features of a car that counts. There is one additional thing that you can do is to ask your friends or relatives about their reviews about the car model you decided. In that way you will be more certain about your decision.

Here is download link for this Buy vs Lease Car Comparison Analysis Template,

Download Buy vs Lease Car Comparison Analysis Template

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