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A real life scenario of what Leasing can save
you!
Leasing your next luxury auto instead of Buying may
save you $200, $300 or more each month!
If you: Like a new car every few years, take good
care of your vehicles, do not need excessive annual
mileage, and don't feel the need to customize your car.
Then leasing may be best for you.
Example:
You want a $40,000 luxury car or SUV
If you buy you pay financing and interest on $40,000
If you lease you pay financing on about $20,000
If you buy you pay taxes on $40,000
If you lease (in most states) you pay taxes on about
$20,000
If you lease for your business your payments may be tax
deductible saving another 28% to 40% of Payments!
Here are the numbers:
The Loan is $40,000, 48 months, 9% interest, $0 down.
Payments are $1055.12/month with 6% state tax included.
The Lease is $40,000, 48 months, 9% interest, $0 down,
with a residual of 50%.
Payments are $680.17/month with 6% state tax included.
Savings is $416.67/month!
If your car or SUV is used for your business there
may be further savings in the form of tax deductions for
all or part of your monthly payments.
If your vehicle is used exclusively for business and you
are in the $28% bracket your net after tax payments will
be $489.72/month.
Likewise, if you are in the 40% tax bracket your net
after tax payments will be $408.10/month.
Saving $565 to $647/month after taxes!
This is a simplified comparison that does not take into
account the vehicle that is owned outright at the end of
a buy, or the lump sum that can be accumulated by
investing all or part of the monthly lease payment
savings during the 48 month course of the lease. The
focus of this comparison is on your monthly payments.
Leasing is not for everyone, but if you fit the
profile it truly can save you $200, $300, $500/month or
more on your next luxury car or SUV.
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