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Should a new grad lease or buy their first car in NJ?

Leasing often makes more sense for recent grads: lower monthly payments, no long-term depreciation risk, and flexibility to change vehicles as your life situation evolves. Buying makes more sense if you plan to keep the car for 7+ years, drive high miles, or want to build equity. For most new grads in NJ, a 36-month lease is the practical starting point.

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