Is it better to lease or buy a brand new car?
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Is it better to lease or buy a brand new car?
Discovering Real-life Mathematics
Curated by Glenn Ong
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Is it better to lease or buy a car from a tax standpoint?

Master Guitar Solos app! http://mhlo.co/MasterGuitarApp http://www.mahalo.com/is-it-better-to-lease-or-buy-a-car-from-a-tax-standpoint Keith Hall, a register...
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HowStuffWorks "Should You Buy or Lease a Car?"

HowStuffWorks "Should You Buy or Lease a Car?" | Is it better to lease or buy a brand new car? | Scoop.it
Leasing a car isn\'t for everyone. Learn the pros and cons of leasing a car to find out if it\'s the right choice for you.
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Buy vs. Lease - MSN Autos

Buy vs. Lease - MSN Autos | Is it better to lease or buy a brand new car? | Scoop.it
Lease Versus Buy. You might be surprised by which option is best during these trying times.
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Discovering Real-life Mathematics

My Research Question:

 

Is it better to lease or buy a brand new car?

 

What I already know:

 

Leasing offers some tempting benefits, such as a lower monthly payment and a smaller (or nonexistent) down payment. But leasing has its drawbacks. When your lease is over, you won’t own anything. You could be fined for wear and tear on the car when you return it. And there is often a limit to the number of miles you can drive the car each year.

When you buy a car, it’s yours. You can customize it and drive it as hard and far as you want, penalty-free. Rather than having infinite payments, buying means you will eventually pay the car off. And if you want to sell it you can do so at any time, as you are not locked into a contract.But buying a brand new car has its drawbacks.Down payments on bought cars can be substantial. Monthly payments are usually higher than a leased car, and once your warranty expires, you will be responsible for the maintenance costs. When you want to sell it (or trade it in) you will have to go through the hassle of doing so. And, as an investment, new cars depreciate rather than appreciate.

 

What I need to know:

 

I need to learn about road tax, petrol price, maintenance fee(changing of car tires,etc) and car insurance.

 

Extension of Learning:

 

What about Second hand cars,brand new cars or lease a car. Which is more worth it?

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