SHOULD YOU LEASE OR FINANCE A CAR?
ADVANTAGES TO FINANCING
- When you finance a vehicle, you have the freedom of unlimited kilometers and all the other benefits associated with owning you vehicle, including the ability to equip it with your desired aftermarket accessories.
- You gain vehicle equity.
- There are no penalties for excess wear and tear and you are free to drive an unlimited number of kilometers each year.
- Financing has a lower carrying cost than leasing, as with a lease you are not repaying the entire value of the vehicle.
FINANCING VS. LEASING COMPARISON CHART
|Term||48 Months||48 Months|
|Lease End Value||$9,000.00||N/A|
|Taxes on Payment||$13.86||N/A|