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.