Quote:
Originally Posted by JiriHrdina
What's really better for the customer - owning or leasing?
|
Depends on the situation..
Personally i like leasing and reccomend it to most of my clients especially on expensive cars.
the biggest advantage of leasing is that it gives you a guarenteed downside. You know going in how much it is going to cost you to drive the car for the next 3 years as an example. If the car is worth more than the buyout you always have the frirst option to buy it out. So you can get your equity. It is an easy write off as well 100% write off on a lease is $750 month plus tax. no worrying about mileages and stuff like that. you are also defering the tax a bit. On a lease you pay the tax on the payment and not the whole amount upfront.
As an example i had a customer who was on a lease and his residual was $67500. Now i can buy his car at the auction everyday for about $52k. So the leasing company is on the hook for the $15k not the customer.
Now if you are a person who keeps a car 5 plus years it likely makes more sense to buy the car.