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When shopping for a car, the choice to buy or lease can be confusing. Take a look at the benefits of both options to see which is a better fit for your lifestyle—and your finances.

Full Ownership:

Once your loans are paid off, the car belongs to you with no strings attached. If you lease, you will have to go through

a buying or leasing process once your term ends in a couple of years.

Negotiable Down Payment:

Purchasing a car allows far more flexibility in down payments than leasing. You are able to put down what you can afford and borrow the remainder.

No Restrictions:

When leasing, there are set mileage and maintenance restrictions that you cannot exceed without paying a penalty. If you buy a car, there are no dealer restrictions on how you use it.

Freedom to Sell and Trade:

Once you own a car, you can sell or trade your vehicle at any time without penalty.

Modifications:

You can make modifications to your

car either as needed or as desired.

You cannot make changes to the car

if leasing.

Lower Monthly Payments:

Lease payments are typically lower than payments towards a car loan. This could help if you have a tight cash flow.

Under Warranty:

Since leasing only lasts a few years, expensive repair costs will most likely be covered under warranty for the duration of the lease.

Stay Current:

By having a lease that only runs a few years, you can consistently have

the latest in technology, safety and security features.

Tax Flexibility:

You only have to pay taxes on monthly lease payments. If you were to buy a car, you would have to pay the sales

tax within 30 days of the purchase.

No Depreciation:

Leasing a car means that when the contract is up, you are not stuck with

a car that has depreciated over the years you’ve driven it.

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Buying vs. Leasing

Purchasing a Car:

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Capitol Private Wealth Group LLC

(703) 226-0008



8133 Leesburg Pike Suite 780B

Vienna, VA

22182

This article was written by Advicent Solutions, an entity unrelated to Capitol Private Wealth Group LLC. The information contained in this article is not intended to be tax, investment, or legal advice, and it may not be relied on for the purpose of avoiding any tax penalties. Capitol Private Wealth Group LLC does not provide tax or legal advice. You are encouraged to consult with your tax advisor or attorney regarding specific tax issues. © 2016 Advicent Solutions. All rights reserved.

* Investment Advisory Services are offered through CapitolPrivate Wealth Group, a registered investment adviser.*

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