When it comes to buying a home, many people feel that renting is simply a way of throwing money away. However, in reality, with the cost of buying a home rising all the time and with cost of rentals staying surprisingly stable, it is actually far less foolish to rent than some may think.
When it comes to cars, many people have the same view – that by leasing a car, you will again be simply wasting money, spending a significant amount on something which ultimately will have to go back to the original company, leaving you with nothing to show for all of those outgoings. And yet, even more so than with house buying/renting, this simply isn’t true.
Whilst the cost of leasing a car may seem quite high, the amount that a new car is likely to be worth after being owned for a very short space of time can be significantly less than what was paid for it. Yet few would consider this as throwing away money. In some cases, the amount paid out on particularly good car leasing deals can actually be less than the cost of depreciation on a new car.
On top of this, many people will look to take out a loan to buy a new car. The monthly repayments can be significantly lower when choosing car leasing companies over buying a car using a loan.
The cost is not the only benefit though. By leasing a car, you will have easy access to a brand new car every few years, without you having to worry about selling an old car. On top of that, should anything go wrong with the car, there is a good chance that you will be completely covered by a manufacturer’s warranty at all times, meaning never again do you have to worry about costly repairs or being without a car for periods of time whilst yours is being fixed.
Ultimately, car leasing companies allow you to have the car you want at any time at just a fraction of the cost of trying to get the same vehicle by buying outright. Of course, for some people, a great deal of the thrill of owning a vehicle is customising it to your own preferences, fixing it up, and being able to tweak any problems that arise. For those, car leasing deals may not be right, and anyone who does a huge amount of excessive mileage may also want to find out exactly how high mileage might affect the cost, but for many people who want to have the best possible car without the stress and the headaches, car leasing will be the best option.
Buying a car can, itself, be stressful. After all, if you find, after a while, that the car you have bought isn’t quite right for you, you may well be stuck with it or stuck trying to sell it. With leasing, you will have far more freedom to check that a car is right for you, and in turn ensure that you always have the best possible car with no other worries to consider.
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