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Should You Lease or Buy

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Should you lease or buy your next car?

Should I Lease or Buy my car

Replacing an automobile is an inevitable and recurring life event, and people often struggle to decide whether to lease or buy. There are advantages to both options and the analysis is not strictly financial. The needs, circumstances, and preferences of each individual must be considered along with the overall costs. With many competing factors that bear different degrees of importance, it can be difficult to prioritize your goals, weigh your options, and identify your best course of action.

To help guide you as you consider whether to lease or buy an automobile, Missional Money offers this flowchart. It covers several key decision points based on factors including:

  • Costs and cash flow

  • Mileage and use

  • Safety and technology

  • Depreciation

  • Flexibility

Download this Guide – Click Here Now

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IMPORTANT DISCLOSURE:

Investment Advice and Financial Planning are offered through BayRock Financial, L.L.C., a Registered Investment Advisor. BayRock does not provide tax or legal advice. The information presented here is not specific to any individual’s personal financial circumstances. To the extent that this material concerns tax matters or legal issues, it is not intended to be used, and cannot be used, by any investor or taxpayer for the purpose of avoiding penalties that may be imposed by law. Each investor should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes only. This content is based on publicly available information from sources believed to be reliable. BayRock Financial, L.L.C. cannot assure the accuracy or completeness of these materials and this information can change at any time and without notice. Use this material only as general guide to further discussion with your Certified Financial Planner™ professional and/or other Financial Advisor(s).