Why Leasing a Car is Better Than Buying One
The concept of leasing or renting cars is not new to us. In the older days, the more common way is to look up a rent-a-driver or rent-a-car from the phone directory, call them, and have them pick you up. Same goes with cabs. We either hail a taxi on the streets or call a taxi company to pick us up. Those two forms are actually the traditional forms of renting out cars. Nowadays, we have more options and more advantages.
So, why is leasing a car better compared to buying one? There are actually many reasons of car leasing over buying. Let us take up the most impressive ones:
Leasing provides financial freedom.
Yes, that is right. When you rent a car, the monthly payments are usually 30-60% lower than the monthly installment fees for a bought car. Because of this, you have lighter financial responsibility without having to worry about higher monthly costs.
When renting a car, most personal contract hire or leasing companies also demand low up-front fee. There is usually no need for a big amount of cashout. There are no loans and no capital layout.
The monthly payments are fixed over the contract duration. There are no unnecessary increases or charges that would surprise you.
Leased cars need lower maintenance.
The car warranty is usually covered in the contract. You do not need to personalize the car's maintenance problems because it is covered.
Leasing entitles you to use the car you want.
Even for those who cannot afford to purchase cars of high model-types, leasing can provide you with the latest models and types available. Imagine driving the sleekest car and not paying for its purchase price.
Most vehicle leasing companies have in stock the newest and best brands available.
Another great thing about it is that after a contract you can one renewed again or draw up a new one to get a newer model. Many leasing customers prefer to change their leased cars after a few months or a year to have the feel of a brand new car to drive.
Related Tags: car leasing
Darrell F writing about car leasing and why BMW contract hire can be a better deal than buying outright.
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