If you're looking for a new car, have you ever thought of leasing one? I have to admit, I really had no idea what it entailed, I assumed that is was rather like renting a car, with the prices making it not worth your while, unless you only really needed something on a short term basis. However, I have come to find that isn't always the case and was particularly surprised to find it could even get you an upgrade. With car leasing you the price you pay Is just a little over the depreciation value which the car goes through while you are leasing it and as such is something you should be factoring in even if you brought one outright from a dealership. But thanks to some affordable personal lease cars from brokers and dealerships you may be able to actually plan a finance agreement for the initial term and then pay a lower balloon payment to own it outright, helping you get a good deal on a car you will love.
Every ones circumstances are different when it comes to making such a decision, but I have highlighted 5 key points, which I think are good reasons why car leasing could be worth looking into.
Leasing a car can open you up to a whole new world of choices when it comes to the car you end up having. This is because leasing a higher end car can be a whole lot more affordable, than buying one ever would be. What's more the car you lease can be completely tailored to your personal preferences and delivered straight to you.
When you lease a car you are normally asked for a bulk payment up front, this is often 3, 6 or 9 months' worth of payments in one go. The rest is then payable in monthly instalments, which you will have agreed upon before driving the car away.
3. Extras Included.
Many car leasing deals come with the ability to add in optional extras, these include road tax for the duration of your lease, as well as other essentials such as maintenance and servicing, which means you have less costs to worry about in the long term.
4. No need to worry about deprecation of price.
One of the worst things about buying a car is how quickly the value drops over that first year of ownership. However, with leasing; you don't need to worry about it, as the car is returned at the end of a fixed predetermined period. So it is worth checking out if it cheaper to lease or buy for you.
5. Drive as much as you need.
This one is pretty important, as while you can drive as much as you need, you also need to make sure you don't go over the mileage you agreed upon with the leasing company. Therefore you really need to think long and hard about how much you will drive the car over the preceding years.
Once your lease time is up, if you have completely fallen in love with the car, never fear as most companies offer the chance for you to buy the car at the end of the term and you might actually find the reasons for buying it work well for you.
There are of course other things you need to keep in mind when thinking about leasing a car, some of them are pros, such as the fact business owners can sometimes write of lease cars on expenses and the flexibility of no long term contacts. While cons are things such as cost of insurance (sometimes this can be higher if you are leasing) and making sure you return the car in the predetermined state. This includes not going over the specified mileage and making sure it is in a good condition cosmetically and internally.
Leasing a car from someone such as TFS Lease Cars may not be for everyone, but I definitely think it is worth looking into more if you are on the lookout for a new car any time soon.
Me, well I think my little run around will hopefully *touchwood* last us a little while longer, but I won't pretend I don't sometimes dream of driving away a brand new car, I mean can you beat that new car smell?
Have you ever leased a car, if so how did you find it?