AUTOMOBILE

BUYING vs. LEASING
YOU DECIDE!

YOU SHOULD CONSIDER BUYING IF:

• You keep your vehicle longer than five years
• You are not concerned with the cost of repairs after the warranty period expires
• Your cash flow is not a concern (finance payments are higher than lease payments).
• You have cash in the bank to cover purchase price, including taxes
• You are unable to invest for a higher than the prime interest rate at the time i.e mutual funds, bonds, equities.

YOU SHOULD CONSIDER LEASING IF:

• You like to drive a new car every two or three years
• Your cash flow is used to pay off other commitments, like a mortgage
• You don't want to make a large down payment up front
• You operate a small business and need to conserve your working capital and need alternate lines of credit
• You like to keep up with the latest safety updates and styling trends
• You want or need more vehicle than you can afford with traditional bank financing
• You don't like the hassle associated with selling your own vehicle

"If the asset appreciates, buy it. If it depreciates, lease it."
J. Paul Getty

 

By Brian Mudie

Allmakes4lease.com

a Division of Richmond Hill Pontiac Buick GMC Ltd.

9612 Yonge St., Richmond Hill

905-780-4619

416-803-7236

mailto:bmudie@rhbp.com 

 

Brian has devoted his career to financing.  His vast experience is put to use in finding the best financing solution for his clients.   Extensive contacts in the automotive trade help find the right car for your needs.  Brian is consultative, and if he cannot be of help in a given situation, he will say so.    - Editor