Is it better to buy or lease a car? (Informative speech)

Student’s Name:
Instructor:
Course:
Date:
Speech Outline: To Buy or Lease a Car
a. Attention Getter: The world is evolving as we know it. With the advent of a variety of options to choose from in terms of cars and extra options, Loan financing and leasing have been invented for individuals to own cars. It, however, depends on your financial capability among other factors.
b. Thesis: When a person needs a new car, there are a variety of ways to go about it. A lot of people are opting to lease a new car as opposed to buying one through the normal loan process. Today, I am going to look into some of the benefits that accrue from leasing a new car as opposed to buying a new one.
c. Relating the topic to the audience: Getting a car is one of the major fulfilments that any individual with capability can undertake to improve their own life. It would be wise and prudent to explore your options before deciding to purchase.
d. Specific purpose statement: There are many benefits of leasing as opposed to buying.
Body (transition: use phrases indicating the end of introductory section)
Monthly payments
Leasing has lower monthly payments because they come with lower monthly payments than paying loan installments.
Income
The option to lease is best for a person who does not have a lot of money to put as down payment.
Affordability
Leasing affords the customer an opportunity to get and use a car that he or she would have had to put a lot of money as down payment for in order to own it.

Additional cost
If you are a careful driver, leasing is a good option to consider because the car will not attract any more fees or any additional expenses due to cost of maintenance.
Depreciation
In the instance that a prospective buyer does not travel a lot by car, the leasing option is great because they will be paying for the depreciating value of the car as opposed to buying the car and paying for its full price especially if it’s new
Conclusion (transition: use phrases indicating the start of closing statements)
Closing statement: There are a variety of options when it comes to the purchase of cars but two methods stand out as the most commonly used. Loan financing and leasing. Leasing as an option is one of the best modes to go by due to its numerous advantages. An individual is able to enjoy the benefits of a motor vehicle without experiencing any financial drawbacks from its use.

Works Cited
Pinola M. (2011). When Is Leasing a Car Better Than Buying? (2018). Lifehacker.com. Retrieved 1 February 2018, from https://lifehacker.com/5858640/should-i-buy-or-lease-a-car