Welcome to Sikorsky Credit Union’s blog were we share informative articles on home, life, and money with our online community.

Cars: To Lease or Own?

You’ve decided it’s time for a new car. You’ve figured out what type of car you’d like to drive and have started to figure out what your options are financially. You can either purchase the car upfront with cash, lease a car, or purchase with a loan. Assuming you aren't able to buy the car upfront, what is the next best option for you financially – leasing or purchasing the car? Let's explore both of these options and see which option might make the most sense for you.

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