- Cash purchase
- Financing (monthly or bi-weekly)
All have their own advantages and disadvantages depending on individual circumstances. In this post we will look at the leasing option. (We've inserted a video below which seeks to answer which is better, buying or leasing a vehicle?)
The upside to this option is the ability to get in and out of a new vehicle every few years. This is great if you like change or don't like the potential hassle of vehicle maintenance once the years and mileage start to build up.
The downside is the lack of ownership, those monthly payments don't equal any personal equity into the vehicle.
Additionally, the leasing option can be an ideal fit for business use as portions of the monthly payment can be differed as an expense to the business in question (seek professional accounting advice before proceeding with this option).
Our Accredited Leasing Location (Import Auto Leasing) offers a variety of vehicle options to suite lifestyle and/or functionality with varying leasing terms.