An assignee (let’s call her Susan) is ready for her relocation journey. The home is sold, the new home has been found, the school has been chosen, and there is an air of excitement for this next chapter. Susan has one more decision to consider: how does she choose whether to buy, lease, or rent a vehicle in her assignment location? The quick answer is usually tied to the length of time that she will want or need the vehicle. Buying usually works best for terms over three years or for permanent one way moves, leasing for assignment durations of two to three years, and renting is suggested for short-term periods less than two years.
However, every assignee has a unique situation when it comes to their relocation, work assignment, and personal transportation needs. There are many parameters to consider when deciding which method of vehicle ownership works best for Susan and her family. Here we break down some of the advantages of each option as Susan makes her decision.
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