Tips On Advantages And Disadvantages Of Vehicle Leasing

By Paul Trump

Many people in today's society absolutely need a car. For some, vehicle leasing may be more beneficial than purchasing one. Renting is not for everyone, and there are many things to take into consideration before making this decision.

When trying to decide take into consideration that the monthly payment will be lower since you are only purchasing the use of the car not the car itself. Also, remember that at the end of the lease contract the automobile will be returned to the dealer. Make sure to do the research as restrictions will apply to certain terms and contracts.

The monthly payment is lower and in most cases there is no down payment required at the time of lease, usually just the first months payment and the cost for taxes and tags. The disadvantage to this is that you will always have a monthly payment.

The cost of maintenance and repairs will be little to nothing. The car is under warranty so any major repairs will be covered. You may have to pay for routine maintenance like oil changes and tune ups. Renting only allows a set amount of miles per year, so be careful not to go over or it could be costly.

Lease terms are generally for two to three years, so you will be able to lease a new car that often. Ending and renewing a lease is fairly easy and less time consuming. There are no hassles of trading in a used car.

There are many things to consider when car leasing. It really is what you prefer and what fits your own needs. If saving money is important and owning a car that consider renting. If you do not drive much and you are sure you will be able to stay under the allowed mileage this might be the option for you.

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