If you are reading this wondering if you should lease your next vehicle or simply buy it, then this article should be a little useful to you. There are a lot of reasons why leasing a vehicle makes more sense than that of financing it. Once you read this article and see the reasons why this is a better decision, you will wonder why you have not leased your vehicles sooner and how exactly it can be of great benefit to you. The following tips and tricks will help you not only with leasing your next vehicle but to also lease all sorts of purchases as opposed to financing them.
Monthly Payments Will be Lower
If you want to drive a car that you might not otherwise be able to afford, then the process of leasing a vehicle will yield a monthly payment that can be as much as 60% cheaper. Many people do not know this fact and as such, they will not take advantage of this. At worst, you can get the monthly payments lowered by as little as 30%, while this may not sound like a lot, it is quite an impressive amount as this can be the difference between you being able to afford a certain vehicle and you not being able to afford the monthly payment.
Costs of Maintenance will be Covered if Not Free
Lease your vehicle for 36 months or less and you will have the manufacturers warranty that will cover any major costs that you might have to cover in repairing the vehicle. While it is not the case all the time, some makers will even offer free maintenance for the first couple of years that you lease the vehicle. This can be one of the smartest moves that you can make in helping to reduce the costs that are associated with the leasing of a new vehicle.
There are No Trouble Associated with Selling Your Used Car
One of the biggest issues that a person will tend to have is when they need to buy a new car, they have to worry about the costs associated with selling an older, used car. With leasing, you simply have to return the car from where you leased it from and that’s it. You are not responsible for the value of the car once your lease is over and as such, you may wind up saving some serious money if the place leasing to you has overestimated the value of the vehicle.
Benefits from Taxes
There are some serious benefits that can come in the way of taxes that you would have to pay if you purchased a vehicle as opposed to leasing. Often times the payments for the lease if the vehicle is used for business purposes. Even if it is for your personal use, then you can still save some serious money with the state only taxing you on the amount of usage during the lease. This is a great way to really save some serious money on your taxes with a lease and not have to worry as much about the financial side of buying versus leasing.
Drive the Latest and Greatest
One of the biggest advantages that can come from the leasing of a vehicle is that every two or three years, you have the ability to drive the latest cars that are on the market and experience many of the technological as well as safety breakthroughs. This is a larger advantage as opposed to buying a vehicle as you will only be driving the vehicle for a couple of years and when it comes to the end of your lease. Many people will take this option as it will open up to them a door that they would not normally be able to head through.
There are More Vehicles Open to You
Since you won’t have to worry about the breaking down of a vehicle, you will more than likely want to go with a larger number of vehicles that you might not usually drive. When thinking about leasing a vehicle, you will want to make sure that you talk to the salesperson and ask them what the service record is for the vehicle that you are thinking of leasing. This will give you a good idea as to what options are out there for you and how to make the most out of these options.
Pay Nothing Upfront
One of the big things that make the use of leasing so popular is the fact that there is no money usually owed on the vehicle when you sign the papers. When you buy a car, you can be expected to pay as much as 20% upfront for the privilege of being able to get a good rate on your vehicle. While there will be some upfront fees, these usually can and will be rolled into the monthly payment. This is why more and more people are going with the use of leasing to get a good deal on their next vehicle. Often, in the end, it just makes perfect sense that you will want to lease as opposed to flat out buying a vehicle.
Coverage for if the vehicle is stolen or totaled
This type of coverage is often times included as part of the lease and as such you will have peace of mind in knowing that if something was to happen you would have some level of coverage. Often when you buy a car, you will have to provide your own insurance before you are even allowed to leave the dealership. With a lease, you will have the coverage you need providing to you and will not have to worry if you have the car stolen or are simply in an accident where the car is totaled.
Good Choice For Those That Have a Lot of Accidents
If you tend to have a lot of accidents, then this is a good idea. There will be insurance that will pay for the repairs to the car regardless of how you wreck it. If you buy a car, then you will be dealing with the diminished value of the car. With a lease, this is not your problem and instead is that the problem of the leasing company. This can help you to avoid losing some money in the end due to the value of the car being reduced due to an accident or two.
After reading this article, hopefully, you have a better picture as to all of the advantages that can come from the decision to lease as opposed to going the way of financing. All of these reasons are excellent reasons why the decision to lease makes better sense as opposed to going through all of the trouble of having to finance a car. While the salesman at the dealership will try to talk you out of the option of leasing, you will want to make sure that you remember this article and the reasons why leasing just makes good sense. All of these reasons will help you along the way to make sure that you have a vehicle that you will love and yet will not have to worry about a lot of the trappings that come along with buying a vehicle. As mentioned before, this is also a good thing to look at with all types of purchases that you will make in your life. These same reasons can be applied to a lot of the other purchases and as a result, can help to really save you some serious money.