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103 Posts
Agree that there are a number of variables that drive different decisions. I have bought and leased 4 different RRS over the years depending on my circumstances at the time and the financing offers available.
Assuming that you cannot get the business tax deduction, then it boils down to potential usage, how long you plan to keep the car and financing. In some cases, you are able to get better rates through a purchase than a lease, but you have to get the money factor and do the math to compare. Lately, JLR has been offering 2-3% financing on terms up to 72 months versus lease equivalents of 5-6%+ for 39 months. RRS hold their value, especially in the early years, so you should be able to get a good residual value that holds regardless of lease or buy. I have been buying them lately because the financing terms have been significantly better due to cheap money being available as compared to leasing. That said, your circumstances may be different.
Assuming that you cannot get the business tax deduction, then it boils down to potential usage, how long you plan to keep the car and financing. In some cases, you are able to get better rates through a purchase than a lease, but you have to get the money factor and do the math to compare. Lately, JLR has been offering 2-3% financing on terms up to 72 months versus lease equivalents of 5-6%+ for 39 months. RRS hold their value, especially in the early years, so you should be able to get a good residual value that holds regardless of lease or buy. I have been buying them lately because the financing terms have been significantly better due to cheap money being available as compared to leasing. That said, your circumstances may be different.