Welcome, Guest!

Check out the topic bundles including the Client Service Calendar and client engagement support materials

Designed to help advisors introduce our guides to a client.

Let us know what you want to see from us next!

Need help with something? Checkout our our FAQs.

Edit your settings and view your plan details.

Back

Should I Lease Or Buy My Next Automobile?

Category:
General
Blurred Flowchart

Become a Member to view.
Already a member? Login Here

Updated 12/1/2023

Replacing an automobile is an inevitable and recurring life event, and clients often struggle to decide whether to lease or buy. There are advantages to both options and the analysis is not strictly financial. The needs, circumstances, and preferences of each individual client must be considered along with the overall costs. With many competing factors that bear different degrees of importance, it can be difficult for clients to prioritize their goals, weigh their options, and identify their best course.

To help you guide your clients as they consider whether to lease or buy an automobile, we have created this flowchart. It covers several key decision points for buying vs. leasing based on factors including:

  • Costs and cash flow
  • Mileage and use
  • Safety and technology
  • Depreciation
  • Flexibility

Related Guides
What Issues Should I Consider When Reviewing My Health And Life Insurance Policies?
Category: General, Insurance Planning
What Issues Should I Consider Before The End Of The Year?
Category: General
What Documents Do I Need To Keep On File?
Category: General
Issues To Consider In Client Annual Review Meeting
Category: General
What Issues Should I Consider During A Recession Or Market Correction?
Category: General
What Accounts Should I Consider If I Want To Save More?
Category: General
Master List Of Goals
Category: General
What Issues Should I Consider At The Start Of The Year?
Category: General
What Issues Should I Consider When Reviewing My RMD?
Category: General, Retirement / Decumulation, Life Events
What Issues Should I Consider When Reviewing My Beneficiaries?
Category: General, Estate Planning
What Important Issues Should I Consider Regarding Changes Made By The SECURE Act 2.0?
Category: General
What Issues Should I Consider When Using A Reverse Mortgage?
Category: General, Assets and Investment Planning
What Issues Should I Consider When Establishing And Maintaining My Emergency Fund?
Category: General