There is no simple correct answer to the lease/buy question, just as there is no simple answer to the question: should I wear a white sweater while eating Spaghetti Bolognese? Making the right decision for yourself is a matter of your personal desires, values, current financial status, and your ability to avoid making a mess of things.
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Auto leasing has been around for decades and once upon a time offered small business owners significant tax advantages. Those days are long gone, but leasing has caught fire in the last few years, spurred by manufacturers who use special lease deals to promote their vehicles. Industry experts estimate that next year leasing will represent as much as 35% of the new-car market. Among the luxury brands it’s often as high as 80%.
Certainly with this kind of acceptance Read more . . .
Yet while most shoppers enjoy poring over the styles and features of their dream car, they often ignore one of the most critical parts of the transaction: financing.