Lease or Buy?

[Stuart993]

What the forums advice?
I'll be trading in a 2007 VW Touareg.
Mercedes-Benz of Bellevue
Thanks in advance.

[s_morrison57]

I always lease with the intention of buying the car out after the lease is up, low monthly payments are an advantage

[Z-man]

It depends on many factors -- the main one being this: How long are you planning on keeping the car? If you plan on keeping it for more than 5 years, then buying is better in the long run. Shorter than 5 years, then leasing is a better choice.

That said, 1.9% APR is quite attractive for financing a Mercedes C-Class. I'd opt for buying.

But I don't believe in leasing, since I keep my cars for a long time!

-Z-man.

[Rick Lee]

Also depends on the sales tax laws in your state. IIRC, in VA you only paid sales tax on the portion of the car you paid for, as in depreciation/sales price. I think in AZ you pay sales tax on the purchase price of the car, even though you're only leasing it for X years.

[island911]

good point - it's the same in WA.

...and at 10% tax, that could be a couple k on the t-reg trade.