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Cars and Transportation
Reply to "leasing vs buying"
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[quote=Anonymous][quote=Anonymous]Are you in VA? If so there is another reason to lease, you do not pay the personal property tax every year. Leasing does have advantages as long as you are OK with having a payment. Your only expense is the payment and insurance if you choose the right car as maintenance is covered on many makes for the first few years. I have leased cars for the last 10 years, I have not paid for an oil change, brakes, tires, etc. in that time.[/quote] Actually if you lease, the personal property tax will be higher because the vehicle is likely to be newer and have a higher assessed vehicle than a used vehicle. By the time your car is 10 years old, the personal property tax could be under $100 a year. If you lease a new one every three years, that tax will always be $500-$800 a year depending on what it is.[/quote]
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