In more practical context it can be stated that if one is about to buy a car then the person is better positioned than a person who is in habit of leasing it. The simple reason behind this is plan arithmetic. Suppose a person needs a car for a day every week. He rents it from the local rental services.
Buying vs. Leasing a Vehicle: A Comparative Analysis 3543 Words 14 Pages To buy or to lease a car Abstract The lease versus buy decision is usually tough for many managers since these two options are profitable for the company and bear advantages. Understanding the impact of the decision to buy or lease a vehicle is quite tough for the managers.
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In most states, there is an 8-10% sales tax on new car purchases. This could be a significant amount (a few thousand dollars) when you buy a car. The sales tax implications of leasing, however, are a little more varied. When leasing a car, you must pay sales tax on the down payment and on the monthly payments.
Leasing is a good choice if you tend to get bored with your ride or if you love that new-car smell. It offers the opportunity to switch vehicles relatively often. You're not responsible for paying the entire purchase price. Instead, you're merely charged for using the car during your lease contract.
Buy or Lease a Car. Buy a New or a Used Car? Buy or Lease a Car? Worksheet: Compare Lease versus Buy; Worksheet: Compare Lease versus Buy. In order to make your lease versus buy comparison valid, the lease term and the loan term (if you are borrowing), must be equal. Let's look at an example. A number in brackets indicates an income and a.