Benefits Of Leasing Should You Be Leasing?
Always wanted to lease but weren't sure of the positive benefits? Well, there are quite a few depending on what kind of person and driver you are. Check out our 6 important benefits below and see if the positive side of leasing is right for you!
1. Lower Monthly Payments Than Buying
- When you lease, you don’t own the car, therefore you are only paying for a percentage of the cars depreciation. This means that your monthly payments can be as much as 50% lower than if you were to be buying or financing a car.
2. Always Have A Brand New Car
- At the end of your lease, whether it is a 2,3 or 4 year commitment, you will be able to trade it in for a brand new car to lease again. You never actually owned it, so you don’t have to worry about the depreciation. Just get another new car with the same monthly payments and you are ready to drive off in a brand new ride.
3. Less Repair Costs
- Because you are always leasing a brand new car, you are covered by manufacturer’s warranty. Don’t forget, new cars are always less prone to break down.
4. No Down Payment
- When you lease a care, rarely will you ever have to put down a down payment. It’s all in the power of your negotiations to get your monthly payments down. Putting a down payment or trading in your car can be smart though if you would like to lower your monthly payments even further on your lease.
5. No Sales Tax
- Tax is usually spread out amongst your monthly payments, but no initial sales tax should ever be charge to you if you live in the U.S or Canada.
6. No Re-Selling Worries.
- Never worry again about selling a used car when you are leasing. Once you’ve reached the end of your contract, go pick up a new car and the dealer will take the old one.
Important! Before You Go To The Dealer To Lease, Make Sure You Know The Following Information:
- What Insurance Are You Geting? We reccomend AIG Direct or 21st Century for the most relaible and inexpensive young driver insurance. You can also check NetQuote.com to compare Insurance Prices around the web. Also relate to our Complete Guide On Auto Insurance
- Have You Read Our Guide On Buying Used Cars? Read This
- Will You Need A Loan? We reccomend using MyAutoLoan.com
or Any-Credit-Auto-Loan.com
- Do You Have Good Credit? Why not check for Free with Equifax.
Posted: July 22, 2008
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