Advantages & Disadvantages of Leasing

• Advantages & Disadvantages of Leasing
• Buying vs. Leasing Comparison
• Auto Leasing Facts
• Options for Ending Your Lease
• Leasing Myths
• Lease Responsibilities
• Types of Auto Leases

Auto Leasing Advantages

Leasing

• Little or no down payment.
• Lower monthly payments (up to 50%) so more of your cash is available for other purchases.
• More car for less money.
• Drive a newer vehicle, so less maintenance worries.
• Sales taxes paid over term of lease.
• Businesses maintain cash position, conserve capital and receive tax advantages.

Buying

• Equity and ownership (in a depreciating asset).

Disadvantages

Leasing

• No equity/ownership in the vehicle.
• Potential early termination liability.
• Potential incremental end-of-lease costs (excess wear and tear and additional mileage charges).

Buying

• Higher initial cash outlay.
• Higher monthly payments.
• Fewer dollars available for other uses.
• New tax laws eliminate advantages of owning.
• Sales tax is no longer deductible
• Finance interest on conventional loans is no longer tax deductible.
• Investment tax credit has been eliminated.
• Depreciation has been extended from three to five years.

Go to Auto Leasing Differences

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Houston, Texas 77027
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Auto Lease Houston, Texas