Leasing or Purchasing a New Vehicle
The best way to decide if you should lease or purchase your next vehicle is to have a 5-10 minute conversation with one of our consultants. There are so many factors that go into making the RIGHT decision of lease vs. buy, that without reflecting on your current position in life (life cycle) and current and future events and planning, that this decision is only a case by case decision – have a free consultation and within a short period we will show you the right path to take. You may have always purchased, yet your current situation may warrant looking into a lease. You may have always leased, yet recent changes may warrant a review to see if there are better options out there for you than doing the same thing over and over again.
There are great advantages to leasing, which include the fact that you are only paying the sales tax on the amount of usage and not the full amount of the car. If you are planning on selling the car after 2-3 years, and get a selling price close to 60% of your purchase price, the Great State of California will not refund 60% of the sales tax you paid when you purchased the vehicle.
On the other hand by purchasing your car, you have gained access to the residual value of the car which is realized when you sell your car – in the case of a lease you and your car in and walk away with no cash – the equivalent of renting versus buying a house.