Advantages/Disadvantages
What are the Advantages/Disadvantages of Leasing a Vehicle?
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
Phone
Call Us
469-331-9672
Toll Free
469-331-9672
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