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Boston Motorcars offers safe and reliable new cars for every driver and situation. Now serving the areas throughout Torrance, Buena Park, Thousand Oaks and Pasadena, California, we are where you want to turn when you want a wide selection, a comfortable atmosphere and helpful, yet friendly auto brokers who will never try to push you around.
We specialize in the sales and leasing of new cars, trucks, and SUVs. When you find yourself in the market for a new automobile, we can help you make the perfect decision. There is much to consider when buying or leasing a car.
For new cars, you want to ensure you have the ideal color, make and model, safety options and amenities that will make you proud to own that vehicle for years to come. You also want to ensure you’re getting the best possible deal, whether you plan to lease or buy.
No matter what type of vehicle you have in mind, we can assist with your purchase. We can even lease any make or model with nearby dealerships. Let us be your auto broker and we can acquire or lease and deliver the vehicle of your choice, guaranteed.
When working with an auto dealership car broker, you want to ensure that you’re getting a vehicle that closely matches your vehicle wish list. Whether you’re looking for a particular make and model, color, safety options, or amenities, the more details you can provide, the closer your broker can get to the ideal car, truck or SUV.
As your Torrance and Pasadena area car broker, we can handle all transactions with the car dealership from beginning to end. That means you never have to speak or negotiate with the dealer at all, because that’s our job.
Owning a new vehicle can be a very rewarding experience, but it can also set you back. Leasing, on the other hand, can save you money. That’s because you only pay taxes on the monthly leasing amount, and not on the total value of your vehicle.
Buying, on the other hand, requires you to pay tax on the total value of your car, costing you thousands of dollars more.
If you’re looking to save while stepping behind the wheel of your ideal vehicle, leasing may be a viable option for you.
The example below will illustrate the cost savings you can earn from leasing as opposed to vehicle buying. The table uses a 3- and 6-year time frame with a $50,000 BMW and $0 down transactions. With options to finance or lease, notice how much less vehicle leaseholders pay in terms of cost of ownership, taxes paid, and interest paid.
So let’s look at it this way, if your overall goal is to “Save” as you mentioned, we have to consider what your cost of ownership is over duration of time. Let’s look at it over a 3 and 6 year time frame. Let’s also pick a car for a scenario. How about a $50,000 BMW for simplicity and we will treat each one as a $0 down transaction. There are lots of variables when it comes to leases but simplicity this will have to do. Below are options to finance or lease this BMW. Take notice of the cost of ownership, taxes paid and total interest paid.
|Lease or Finance||Years of Ownership||Payments||Monthly payments w/tax||Details||Total payments including tax||Cost of ownership per year||Total Tax paid||Total Interest paid|
|Lease||3||36||$625||$625 x 36 mo||$22,500||$7,500||$2,520||Incl.|
|Lease||(2x) 3yr leases||72||$625||$625 x 36 mo||$45,000||$7,500||$5,040||Incl.|
|Finance||3||36||$1,624||$50,000x10% tax+4% interest||$58,457||$19,486||$5,000||$3,678|
|Finance||6||72||$867||$50,000x10% tax +4.25% interest||$62,407||$10,401||$5,000||$7,407|
|Finance||8||72||$867||$50,000x10% tax +4.25% interest||$62,407||$7,801||$5,000||$7,407|
|Finance||*9||72||$867||$50,000x10% tax +4.25% interest||$62,407||$6,934||$5,000||$7,407|
If buying right now doesn’t make sense, you could still drive the car of your dreams for three years or two three-year leases while simultaneously saving money.
While the cost of ownership is cheaper in the long run if you plan to lease for eight years, leasing allows you to pay less in taxes on the vehicle overall.
If you purchased your car and sold or traded it in for another vehicle in five years, you’d have to pay a 10% tax on the new vehicle purchase price all over again.
If you purchased another $50,000 vehicle, it would mean that you spent an additional $5,000 in taxes on top of the $5,000 you paid on the previous car. That’s 10,000 in total taxes in five years’ time, at least in the state of California.
Other states offer “Tax Credits” that can be redeemed by trading in your vehicle or showing proof that you sold it. You will then pay the difference in value. For instance, a $50,000 vehicle purchased five years ago is now worth $15,000, which you then traded or sold, then purchased a new $50,000 vehicle shortly after. In that case, you would only be liable for your taxes on the $35,000 difference as opposed to the full $50,000 balance like California tax law dictates.
As Torrance, Pasadena, Thousand Oaks, and Pasadena area car brokers, we have access to vehicles all across the state of California. Even if you can’t secure the car you want from your local auto dealer, we can help. We have access to thousands of car, truck, and SUV dealers across the state and region. If the vehicle is out there, we can find it, and we’ll deliver it to you.
Absolutely! Get in contact with our auto brokers, and we can still get you a cheap lease deal and get you approved, even with a C credit rating. We have access to a wide range of lease providers that are always on hand to get you the best deal. If your credit falls below a C rating, leasing may not be the ideal option for you. However, we have methods to get you approved on a new car purchase. Call today to learn more.
We are so confident about our prices and ability to negotiate that we guarantee you won’t find a better offer or lower monthly payments for the same car, and in the same week as we can. At Boston Motorcars, our auto brokers can always get you the best deal, guaranteed!
The key to evaluating whether you received the very best deal on the type of car you want is to look at the monthly payments. Even if your monthly payments are low, you may still be paying a higher interest rate over a longer period.
We know how to get you the best interest rates and lower monthly payments for a price you can afford.