Leasing or Purchasing a New Vehicle
There is no right or wrong answer on this. It depends on your needs as well as the car you are looking to purchase. It comes down to spending 5 minutes and letting us know what is important to you and give us insight as to your driving needs. 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.