Basic Advantages and Disadvantages
Advantages
Leasing
- lower monthly payments
- little or no down payment
- more expensive car for less money
- more cash available for other purchases
- sales taxes paid over term of lease
- possible tax benefits - check with your accountant
Buying
- equity and ownership
Disadvantages
Leasing
- no equity/ownership in the vehicle
- potential early termination liability
- potential end-of-lease costs like excess wear and tear and additional mileage charge
Buying
- higher initial cash outlay
- higher monthly payments
- fewer dollars available for other uses
Leasing vs. Buying Guide Contents
There are many advantages and disadvantages to leasing and buying that you should consider.
|
