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No matter what your status, if you are in or approaching the need for a NEW or perhaps PREMIUM USED VEHICLE, give us a call. See how using your “Auto Sense” at this important time can give you the financial advantage you need, and the vehicle you deserve.
VEHICLE LEASING
Pros
| Lower monthly payments |
Lease payments are computed on the actual amount of use you will receive. You don’t buy the whole vehicle’s lifetime in a single transaction with a lease. |
| No down payment |
Leasing a vehicle usually requires the payment of the first months lease payment, security deposit and license. |
| Drive a better car |
Because of no down payment and lower payments, you can drive a much better vehicle than if you purchased it outright, and still conserve cash. |
| Tax advantages |
Tax advantages may apply to a lease; see your CPA. |
| Frees cash for other purposes |
Other investments generally yield inflation proof earnings as opposed to auto purchases. |
| Select The Vehicle Just Right For You |
Choose the vehicle that matches your business or lifestyle. |
| Easy Vehicle Disposal |
Walk-away at the end of a lease; forget the hassle of disposing of the car. |
Cons
Low Equity.
Possible Use Surcharge.
Early Termination A Problem.
VEHICLE PURCHASE
Pros
| Depreciation Write-Offs |
Subject to current tax laws at the time of purchase, depreciation of the vehicle is available. |
| Builds Equity |
Purchasing the vehicle places a portion of each dollar into equity in the investment. At the end of the purchase contract (if you have financed the vehicle,) you will have “equity” built. This equity may be recouped when you sell or trade. |
| Sell at any time |
Subject to interest payment, you can sell the auto at any time and realize your NET position immediately. |
| Pride of Ownership |
If you are a “car person,” owning a car is the only way to go; your care and attention give you something to be genuinely proud of. |
| Excessive Driving |
If you drive a lot, more than 25,000 miles per year, purchasing the vehicle may be the smartest way to acquire it. Leases may penalize you for exceptional mileage. |
Cons
Down Payment Required.
Inflation Equity Loss of Value.
Substantial Recordkeeping Required for Tax Deductions.
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