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From Issue #57 December 4, 2014

Is Leasing Cheaper Than Buying Site

The future arrived when we weren’t looking.

By Eileen Gunn  

Is Leasing Cheaper Than Buying Site

: In some regions, you only pay sales tax on the monthly payment rather than the full value of the car. 📈 Why Buying is Cheaper in the Long Term

You use the vehicle for business and can deduct lease payments from your taxes. ✔️ Choose Buying If: is leasing cheaper than buying

: Once your auto loan is paid off, you own the vehicle and your monthly payment drops to zero. : In some regions, you only pay sales

You buy a $35,000 car with a 5-year loan at a $600 monthly payment. : You spend $36,000 in payments. Years 6-10 : You make $0 payments for five years. Total Spent : ~$36,000 (plus interest and maintenance). You buy a $35,000 car with a 5-year

: Because leases coincide with the manufacturer’s factory warranty, major mechanical repairs are almost always covered.

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