Some people approach buying a car like they approach marriage, “‘til death do us part.” Others prefer to keep their options open, trading in every few years for the latest make and model, 最尖端的技术, 或者是最高马力. 哪一个最能描述你, we all face a similar decision when it comes to acquiring a car: finance, 租赁, 或支付现金.
在购买新车时, about one-quarter of consumers choose to 租赁, while the majority choose to finance. From an investment perspective, which choice is best? That depends on your lifestyle, cash flow, and personal preferences.1
For many, paying cash for a car is the simplest way to get one. 当你开车离开停车场的时候, you own the vehicle outright and are free to do whatever you want with it. You face no penalties or mileage restrictions, and you have no monthly payments. However, you have paid cash for a vehicle that is expected to depreciate over time.
Financing a new car requires a smaller initial outlay of money, usually 20% or more of the vehicle’s value, 以首付的形式. 当你开车离开停车场的时候, the bank owns the car, not you. 和大多数贷款一样, you make monthly payments of principal and interest with the promise of eventual ownership. The amount of your payment depends on a variety of factors, 包括这辆车的价值, 贷款的长度, and the interest rate offered by the lender. Car dealers sometimes will offer “no money down” or low annual percentage rate loans, which can make financing more manageable.2
If you like to have a new car every few years, leasing is an approach to consider. Leasing a car is like renting an apartment. You pay a monthly fee to use the car for a specific amount of time, usually two to three years. Monthly payments are typically lower than when you finance, since you are paying for the depreciation on the car while you drive it. In certain situations, 租赁 payments may also have tax considerations. However, there are caveats to leasing. 为一个, a 租赁 typically stipulates the number of miles you are permitted to drive during the course of the 租赁. 在你租约到期的时候, you may face penalties if you have exceeded the total number of miles in the contract.3,4
Whatever your relationship with your car, it may eventually come time for a new one. Familiarize yourself with your options. You may find that changing your strategy makes sense in light of your lifestyle or financial situation.
1. 益百利.com, 2020
2. Investopedia.com, 2021
3. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. P租赁 consult legal or tax professionals for specific information regarding your individual situation.
4. Bankrate.com, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. P租赁 consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见及 material provided are for general information, and should not be considered a solicitation for the purchase or 出售任何证券. 版权所有2021 FMG套件.