Business Insider: Here's How To Decide Whether To Buy Or Lease A New Car
Buying a car is a better deal than leasing for one primary reason...
Jun 04, 2012
Business Insider
May 21, 2012, 5:20 PM
By, Jack Otter
WHY LEASE?
The big exception here is if you can deduct the cost of your vehicle as a business expense, you will be able to deduct substantially more if you lease.
Plus, and this is no small thing, leasing is less of a
hassle.
You’re really just renting a car, and since you’re getting a new one every two or three years, it
won’t spend much time in the shop.
And yes, less money is coming out of your pocket every month. But that doesn’t mean it’s cheaper — you’re getting less, too.
Buying a car is a better deal than leasing for one primary reason: Once you pay off your auto loan, the
car is essentially “free,” and the longer you keep it in the garage, the more you save. If, on the other hand, you lease a car your whole life, well, you’ll be making car payments your whole life. That great deal the salesman is pitching — Only $199 a month! — sounds like less of a great deal when you multiply it times 40 years.
Read more
Jun 04, 2012
Business Insider
May 21, 2012, 5:20 PM
By, Jack Otter
WHY LEASE?
The big exception here is if you can deduct the cost of your vehicle as a business expense, you will be able to deduct substantially more if you lease.
Plus, and this is no small thing, leasing is less of a
hassle.
You’re really just renting a car, and since you’re getting a new one every two or three years, it
won’t spend much time in the shop.
And yes, less money is coming out of your pocket every month. But that doesn’t mean it’s cheaper — you’re getting less, too.
Buying a car is a better deal than leasing for one primary reason: Once you pay off your auto loan, the
car is essentially “free,” and the longer you keep it in the garage, the more you save. If, on the other hand, you lease a car your whole life, well, you’ll be making car payments your whole life. That great deal the salesman is pitching — Only $199 a month! — sounds like less of a great deal when you multiply it times 40 years.
Read more