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Is it better to lease or buy a car in New Jersey in 2026?

The right choice depends on your priorities. Leasing offers lower monthly payments, always-under-warranty coverage, and flexibility to upgrade every 2–3 years. Buying builds equity and is more cost-effective long-term if you drive high miles or keep the vehicle 7+ years. In NJ specifically, leasing avoids paying the full 6.625% sales tax on the vehicle price — you only pay tax on the lease payments.

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