Buy vs Lease
| This is me | This might be me | This is not me | |
|---|---|---|---|
| I always drive over 15,000 miles a year. | -- | Yes | -- |
| I like to customize my car by tinting windows, adding pinstripes, sound system, etc. | -- | Yes | -- |
| I usually get emotionally attached to my car. | -- | Yes | -- |
| I love to see those payments dwindle to nothing. | -- | Yes | -- |
| I've got to have (real) new car smell. | -- | Yes | -- |
| I like the security of driving a car under warranty. | -- | Yes | -- |
| I usually choose a car that I can't afford. | -- | Yes | -- |
| My current car is more than 4 years old. | -- | Yes | -- |
| I am willing to trade ownership for low, monthly payments. | -- | Yes | -- |
| My company reimburses me for car expenses. | -- | Yes | -- |
| I like to do my own repair work. | -- | Yes | -- |
| I typically drive less than 12,000 miles a year. | -- | Yes | -- |
You're more likely to lease
- Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
- When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
- Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
- Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
- If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
- If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment To see the results for a person more likely to buy, Click here. Get pre-approved for financing. Search our inventory