Lease vs. Buy

The automobile enables us to live, work, and play in ways that were unimaginable a century ago. Indeed, auto mobility is a key ingredient to our well being as a society. Whether it is commuting to work or traveling on vacation, automobiles connect us to each other like nothing else on earth. Autumn’s Property Management (APM) has a dilemma of whether or not to buy or lease a new vehicle for the company. APM is a newly formed company that has been in business for about two years. The company currently manages six commercial properties and two industrial properties and would like to expand to investing in residential homes. APM needs to have reliable transportation that is comfortable for clients to ride in. APM is looking to purchase a four door sedan with a price range of $30,000 to $55,000. There are many different factors to mull over when deciding whether to purchase or lease a new vehicle. The processes of each are very different, with leasing potentially being more conf...