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What are the main advantages of leasing vs buying a car in NJ?

Key advantages of leasing in NJ: lower monthly payments (typically 30–40% less than financing the same vehicle), always under manufacturer warranty, tax savings (pay tax only on payments not full price), no long-term depreciation risk, and flexibility to upgrade every 2–3 years. Buying advantages: no mileage limits, builds equity, lower total cost if kept 7+ years, and freedom to modify the vehicle.

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