Although car leasing has become more popular, we still don’t know enough about it, and honestly speaking, a lot of individuals have some mistaken impressions about car leasing as well – primarily dealing with its negative aspects. But the truth of the matter is, more people are going for car leasing because it gives them a lot of flexibility, they can drive a new car around for a few years and then simply return it to the leasing company, and they don’t have to spend too much on a deposit. If you’re seriously thinking about leasing a car, you should know what it can do for you and whether or not it’s the right choice for your needs. To begin with, here’s a list of the reasons why more people are choosing to lease rather than buy a car today.
You have more choices and more flexibility
As mentioned, you have more flexibility when you choose to lease rather than buy. Why? Because when you lease a car, you have the whole world at your doorstep – meaning you can pick any car you want, even if it’s an expensive, high-end model. After all, you don’t have to buy it – you’re just leasing it, and this comes with lower monthly payments and an even lower deposit compared to buying it.
When you lease, you are not going for a commitment for the long-term. Typical car lease deals will last from 24 months to 36 months or 48 months, but at the end of the contract, you’re not stuck with a car you no longer want, or which has issues. Remember this: cars depreciate over time, and if you own a car, you will eventually have to decide to sell it, which is another hassle in itself. But when you lease a car, you simply have to give the car back to the lease provider once you are done with your agreement.
Less hassle on maintenance
When you lease a car, you’re dealing with a new vehicle, as affirmed by the car leasing specialists from https://www.genusleasing.com. And we all know that new cars are a lot less likely to break down or have maintenance problems compared to older models. If you lease a car, you may have to deal with regular maintenance, but you at least don’t have to deal with or worry about breakdowns or repairs because the car is new. And after two or three years, you can look for another new car to lease. Also, if the car does break down, you don’t have to worry about repair costs as car lease deals often come with warranties as well.
Lower payments per month
Everyone knows that buying a car can be quite an expensive endeavour. You do, after all, have to come up with a large deposit, plus you have to come up with large monthly payments, especially if you opt for an expensive model. But with a car lease, your monthly payments are undoubtedly lower compared to a car purchase. As long as your mileage is steady (meaning you don’t go for long drives around the country or go out of town for business on a regular basis), you can undoubtedly benefit from leasing rather than buying. Additionally, with car leasing, road tax is already included in the cost, and you don’t have to take care of the car’s MOT as the MOT is only required for vehicles older than three years.
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