The Benefits of Leasing a Cadillac
When you are in the market for a new vehicle, one of the decisions that you may have to make is whether to purchase a vehicle or lease a vehicle. There are advantages and disadvantages to purchasing and leasing a Cadillac Woburn. Taking the time to learn about these advantages and disadvantages can help you decide whether to lease your new vehicle or whether to purchase one. Here are a few of the benefits of leasing a new Cadillac.
Leasing Is Cheaper Than Buying
One of the biggest benefits of leasing a new Cadillac is that leasing is cheaper than buying a new car. When you lease a vehicle, you are basically renting the car for a few years. The monthly payments for the lease are often significantly less than the payments would be when you buy a car. If you need a car but can’t afford a car payment, leasing may be a great choice for you.
You Don’t Take a Depreciation Hit When Leasing
Another of the major benefits associated with leasing a Cadillac is that you do not take a depreciation hit when you lease. If you enjoy having a new car often, you may lose a lot of money by buying cars. This is because each time you buy a new car, you take a hit to the value of the car as soon as you drive it off of the car lot. When you lease a car, the dealership takes this hit, rather than you. This allows you to drive around in a new car often without having to worry about the value of the car depreciating.
Leasing May Give You a Tax Write-Off
The last benefit associated with leasing a Cadillac is that you may be able to get a tax write-off when you lease a car. If you are using the car for business reasons, you can write off a portion of the lease payments. This helps to make leasing a car even more affordable, especially for those who are self-employed or own their own business and are looking for a car to use for their line of business. If this is you, consult with your tax advisor or accountant to find out what portion of a leased car you may be able to write-off on your taxes.
When you are ready to lease or purchase a new Cadillac Woburn, visit Cadillac of Norwood today. We would love to show you the different models of Cadillacs and put you into the best car for your needs and budget.