4 Reasons You Should Consider Car Leasing
November 11th, 2016
1) A car is a depreciating asset
A car is a depreciating asset – the moment you drive away in a new car, it immediately starts to lose its value. When you lease a car, you don’t need to worry about the future depreciation of the vehicle or the subsequent maintenance issues that will result. You get the benefits of a new car without the stress or commitment of owning it in the long term.
2) Easier, faster and cheaper process
One of the greatest benefits of car leasing is that the process is much cheaper than buying a car outright or taking out a car loan – you are paying for your usage of the car rather than the car itself. Car leasing means that you can drive your dream car without having to pay the costs and fees associated with car ownership. The whole car leasing process is also faster and generally easier than taking out a car loan, because there is less overall commitment required on your part. Car leases are great for people who aren’t tied to a particular place or job, or for those who like to go with the flow – if your life tends to chop and change, a car lease is a flexible way for you to have a vehicle.
3) You’ll never get bored
If you care about cars, it’s quite likely that you want to stay up to date with the latest car models and technologies. A car lease will allow you to do this. As we’re sure you know, cars are frequently being upgraded with more options, better fuel efficiency, greater design and new technologies – if you don’t want to miss out on these developments, a car lease is the way to go. Rather than purchasing a car for the long-term, you will always have the opportunity to upgrade to the latest model.
4) More opportunity to get the car you want
With the money you are saving on cheaper monthly repayments, tax deductions and lower down payments, you can likely afford to spend a little bit more on driving the car you really want to drive. In other words, leasing allows you to ‘afford’ a car that you wouldn’t otherwise be able to.
Despite the flexibility, opportunity for upgrades and minimal commitment that comes with car leasing, it isn’t for everyone. For more information about whether you should lease or loan, check out this blog post or contact us.