At Bakersfield Mitsubishi, we want you to have the best experience in getting your new car, whether that’s through buying or leasing. We know sometimes the first decision is the hardest: should I buy, or should I lease? Knowing when it’s a good deal to lease versus buy isn’t easy, and leasing isn’t the right option for everyone. Here are a few quick pointers to help you figure out if you should lease your next car:
Will you claim your leased vehicle as a work expense? If so, it might be a good idea to lease. Many leasing expenses can be deducted as a cost of business. Speak with a tax specialist to see what you qualify for.
If you know you’re going to be kind to your car. It’s a good deal to lease if you know you’re not going to be doing heavy driving with your vehicle. Leased cars need to be returned in great condition, so if you suspect there will be issues with bumps and bruises on your car, maybe a lease isn’t for you. But, if that doesn’t concern you, leasing lets you stay in newer, nicer cars on a consistent basis.
If you don’t want to be out a big sum right off the bat. Buying requires bigger down payments, monthly payments, and totals after 36 months (the average length of a lease). If saving money in the short-term your financial goal, a lease is a great option.
Need more information about leasing? Contact our Finance Department today.