Lease Vs Purchase Near Winter Park And Oviedo, FL
Purchase Or Lease? Which Is Right For You?
Purchasing - Benefits
- Build equity
- Drive as many miles as you want
- No wear and tear charges
- Carry lower limits for auto insurance than with a lease (See your insurer for actual quotes)
- Customize your vehicle (though this may invalidate portions of your warranty)
- Sell,trade or transfer title whenever you want
Leasing - Benefits
- Get a bigger,better equipped car than you can afford with a purchase
- Enjoy a new car every few years
- Pay for only the portion of the car's life that you use (which means lower payments)
- Receive tax benefits if used for business (depending on the lease,state and taxes)
- Spread applicable sales tax across monthly payments (varies by state)
- Enjoy end of lease option : you can buy the car,lease another vehicle or explore other choices.