Car leasing has been traditionally regarded as a beneficial phenomenon for reasons more than one. At the onset, if you are leasing a car instead of buying the same, you are definitely avoiding almost life-long commitment to a car with depreciating value. Add to that, you’re coughing up less on maintenance and as monthly fees as well. Explored below are other reasons why leasing a car turns out to be a great option for you!
A car with “better value” guaranteed!
When compared to buying, leasing remains a more fruitful option because inevitably you are paying for the depreciation of the car during the lease period only. Since you don’t own it you are not really committing to the car’s value for a longer time. Your monthly payments, as a result, are lower than other forms of finance. This, in turn, leaves you with the option to secure a more desirable make or trim. You are basically driving the car mostly during its trouble-free years.
As someone leasing a new car you are actually enjoying access to the latest technology backing cars. MirrorLink, for instance, remains one of the popular additions in the line-up modern techniques. It syncs your smartphone screen with that of your car’s for improved night vision. Then there is Autonomous Emergency Braking which minimizes the risk of crashes.
Down Payment is not always Mandatory!
If you are leasing a car, you do have the option of not shelling out down payment. However, you need to make the first month’s payment along with the registration fees and official tag. In this regard, it must be mentioned that there might as well be some car lease promotional deals that require you to cough up the down payment.
What are the Big Ticket Monitoring Costs: How can you Avoid them?
The big-ticket monitoring costs can be duly avoided as well. Since you are driving the car in its trouble-free years, you will not really be required to replace the aircon units or for that matter the timing belts. What more? You might not as well require batteries as well!
Are manufacturer’s warranties covered?
If you are prudent enough to lease for a term which is almost similar to the manufacturer’s warranty coverage, you will actually have your car repairs covered. Depending on the terms of the lease you might as well find some companies offering you free scheduled maintenance services.