Too lease or not to lease. That is the question. Unfortunately, Shakespeare isn't here to help, so I'll try.Most auto leases are written for 24 or 36 months, so two 24 month lease contracts might fit what your are trying to do. With a lease, you are essentially buying the depreciation in the vehicle you lease. The lessor determines the residual value of the vehicle at the end of the lease, divides the difference between the purchase price and the residual value by the length of the lease and you have a monthly payment. At the end of the lease, open end, you can buy the vehicle at the price in the lease agreement. With a closed end lease,, the lessor gets the vehicle and you have a pile of cancelled checks. But, you get to drive a new Audi for two years and a new BMW for two years. If that is important to you and you know that you will not exceed the mileage allowances in the lease agreement, then leasing might be suitable for you. But if you exceed the annual mileage allowance, leasing can get VERY expensive.Part of the lease/purchase decision is based on the numbers. You'll have a lower down payment due for a lease than for a purchase in most cases. Then, the question becomes, what can you earn on the money difference between purchasing and leasing. If you use your vehicle for business, I'd consult with an accountant and figure in the deductibles available leasing versus purchasing. Hope this helps you make an intelligent decision.
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