Your Tampa CPA Discusses the Advantages & Disadvantages of Buying a Car

Tampa CPAYou spot the car of your dreams on the lot. It has it all – the perfect sound system, the most comfortable seats, a stylish exterior – everything you’ve always wanted in a car and more. When you take possession of this car, you fully intend to keep it and care for it for the foreseeable future. No short-term lease for you; you simply must own this car.

Your Tampa CPA at Reliance Consulting, LLC, can help you determine whether you can afford to make the dream of car ownership come true – and whether buying, rather than leasing, is the right step. While you may already have made an emotional connection to your future new car, a Tampa CPA at Reliance will be there to help make sure your decision is based as much on financial common sense as on emotion.

Ask your Tampa CPA at Reliance about the advantages and disadvantages of buying a car. Here are a few things to consider:

  • Once the loan is paid off, the car is yours until you sell it or trade it in
  • No contractual mileage limits
  • You are free to customize or modify the vehicle
  • A sizable down payment usually is required
  • When you drive it off the lot, its value generally drops precipitously

Your Tampa CPA at Reliance can provide much more detail about the pros and cons of car ownership, as well as helping you determine the state of your finances before you commit to any other major transaction. Contact Reliance Consulting today for a complete financial health checkup.

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