Leasing vs Car Loan: Which Is More Cost-Effective for Buying a New Vehicle?

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#1 21681403 26 Dec 2018 08:28

Jonh Gaarg Jonh Gaarg

Anonymous

Post #1
21681403 26 Dec 2018 08:28

Greetings to all! I know, the question is a little off topic, but I know that many different experts have gathered here. And a smart person is smart in everything So, I would like to ask your opinion, which is more profitable leasing or buying a car on credit? Or is it possible that in different situations there may be a different option? Thank you!
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#2 21681404 26 Dec 2018 13:42

Richard Gabric Richard Gabric

Anonymous

Post #2
21681404 26 Dec 2018 13:42

Will depend on if it is a personal/business vehicle, or both, and how the tax laws work in your country. Best way to work it out is through an accountant I would think, and yes, there are likely to be a number of options,cheers,Richard
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#3 21681405 26 Dec 2018 21:07

Rikki Rose Rikki Rose

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Post #3
21681405 26 Dec 2018 21:07

I think that leasing a car is more profitable than buying on credit, as it reduces the risks associated with the ownership of assets, provides an opportunity to obtain qualified service and maintenance, as well as provides an opportunity for both parties to develop a convenient payment scheme. Personally, I took my Alfa Romeo Stelvio on lease with http://www.mnautoleasing.com/, and very pleased with the terms of the deal.
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#4 21681406 26 Dec 2018 22:45

Elizabeth Simon Elizabeth Simon

Anonymous

Post #4
21681406 26 Dec 2018 22:45

John,As Richard said, it depends on if it's a personal or business vehicle. It also depends on how long you intend to own the vehicle. If you want to change vehicles every few years, a lease might be better.
My preference is to buy with cash and put the money that would otherwise go to a lease or car payment in the bank to pay for the next vehicle. But then, I tend to keep my vehicles for a long time.
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#5 21681407 29 Dec 2018 11:21

Cologne LED Cologne LED

Anonymous

Post #5
21681407 29 Dec 2018 11:21

I think that leasing a car is more profitable than buying on credit,
#6 21681408 01 Jul 2019 22:47

Mark Tarron Mark Tarron

Anonymous

Post #6
21681408 01 Jul 2019 22:47

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