May 17, 2018
10:41:16am
10:41:16am
Unless you are wealthy enough you to be driving a new car every few years
Which the money factor alone can typically make it worth it, but even besides that the sales tax alone makes it worth it.
For example, sales tax in Utah is 6.85%. If you buy a $60k car that's $4,110 that's due in full when you register the car. Then you would have to pay it again in a few years when you buy another car. With a Lease, you only pay the 6.85% on the lease payment.
So basically you only pay sales tax on the depreciation of the car until you turn it back in. That alone could save $5k-$10k in 3 years in this scenario.
For example, sales tax in Utah is 6.85%. If you buy a $60k car that's $4,110 that's due in full when you register the car. Then you would have to pay it again in a few years when you buy another car. With a Lease, you only pay the 6.85% on the lease payment.
So basically you only pay sales tax on the depreciation of the car until you turn it back in. That alone could save $5k-$10k in 3 years in this scenario.
Originally posted on May 17, 2018 at 10:41:16am
Message modified by RdF3 on May 17, 2018 at 10:41:36am
Message modified by RdF3 on May 17, 2018 at 10:41:51am
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