Advantages of Car Leasing - Why Buy a Car When You Can Lease a Vehicle?
By James H Brown
Many people like to own their own vehicle. They feel it is theirs and all of the risk and insurance is their responsibility. When leasing the vehicle is never really yours, after the period is over you give the car back and can choose a new one. Car leasing and buying have advantages and disadvantages. If you like to have a new car every couple of years, car leasing may be better for you. When you purchase a vehicle it starts depreciating, especially if you buy a car from new. As soon as you drive it off the forecourt it loses thousands of its list price. You don't have the hassle of selling a second hand car after a few years, you can just give it back. You also have no owed payments for you have budgeted and paid within the time of owning the vehicle. A problem that could arise is if you do want to keep the leased vehicle you can't. There are options out there for people who want to lease a vehicle and have the opportunity to keep the car usually after about three years. This can be known as higher purchase. You pay a certain amount monthly and can either give the vehicle back with no further payments, or you can keep the vehicle and continue the payments. The advantages of buying a car include whole ownership. No one can take the vehicle away from you. Car leasing can incur extra charges, whereas if the vehicle is yours you know that everything is paid. You can also sell the car and get the money back, whereas a leased car is dead money. When you have leased a car all of the money you have spent results to nothing, you don't own the car, you have just paid for its use. You can also get some good deals for part exchange with used cars. Vehicle leasing has its advantages for you may be able to have a car you couldn't usually afford when bought outright. You pay a set fee and could have the car of your dreams. When distributed monthly the car becomes affordable and you also get a brand new unused vehicle. When come people buy a car they can get a loan. This has the disadvantages of high interest rates in some cases. You may be better paying monthly Written by James Brown. Article Source: http://EzineArticles.com/?expert=James_H_Brown
http://EzineArticles.com/?Advantages-of-Car-Leasing---Why-Buy-a-Car-When-You-Can-Lease-a-Vehicle?&id=3896157
| 