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Why Leasing A Car Can Be Better Than Buying

American Government Special Collections Reference Desk

Why Leasing A Car Can Be Better Than Buying

Scooter Davis
December 30, 2012


Did you know there are advatnages to leasing over buying a car? Individuals will find exceptional packages when looking to lease a car. Your local dealer will help you get behind the wheel of a new vehicle. Through leasing, you do not have the hassles and stress associated with purchasing a new automobile. Additionally, your contract to lease a car puts you in the driver's seat traveling down the road throughout the vehicle's first and best time of its operational life.

Here are some additional benefits you will derive from leasing - Cash Down Payment - is going to be far less than what you would need as a down payment for purchase. This is probably one of the best reasons for consumers seeking a new automobile. In many situations, the sales tax on a leased vehicle can be included in your monthly payment as opposed to having to chalk up a lump sum at the beginning. This option allows those with a financial payment burden to lease without having to go into further debt. This presents a solid opportunity to get a new car without the usual responsibility of ownership.

Monthly Payment - is also going to be far less assuming the finance period is the same as if you are purchasing a vehicle. The monthly payments are calculated upon the vehicle's depreciation estimate. The payment is lower since you are using only a portion of the vehicle's value as opposed to purchasing the entire value as you would when buying a new vehicle.

Get a new vehicle more often - everybody typically has changing tastes and preferences. Leasing makes it more effectively easy to drive a newer model more frequently than if you were to purchase an automobile outright. Your need for either a larger or smaller vehicle may change every so often making the lease option an easier way to plan for your changing transportation needs. Unless you are looking for a conventional purchase, leasing makes sense.

Future Value - no worries about future sales value. If the leased car happens to depreciate more than it's estimated residual value, when the lease contract comes to term, you simply turn it in at the end of the lease term. However, if the value is much more, you have the option to purchase it or even resell it. Check with your local dealer for additional advantages of leasing. Your next car could be more comfortable as a lease. It's worth looking into to find out more.


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