Three Advantages to Leasing a Car over Owning One
You have a number of options when getting a new vehicle — purchasing, financing, leasing — and sometimes these choices can feel overwhelming. What is the best path forward for you? How will this decision help or hurt your finances over time? And most importantly: how can you be sure you’re grabbing the best deal for this car?
In many cases, leasing can be more appealing than buying. Read on for three key advantages of car leases over ownership.
Leasing makes the vehicle you’d like more affordable
Leasing often offers much lower monthly payments compared to financing ownership, because rather than making monthly payments on the vehicle and principal, you are only responsible for payments on the vehicle. In other words, you’re not responsible for paying interest. This can significantly lower barriers to being able to afford the car that makes the most sense for you and your family.
Lower likelihood of car troubles
Leases are often considered for cars that are either new or those that have been manufactured in the last few years. While this doesn’t necessarily always have to be true (you could certainly lease an older car if that makes sense for you and your family), leasing a newer car likely means less car trouble. As vehicles age and depreciate, there are often issues with the engine, the transmission, or other expensive parts of the vehicle. Leasing typically means that the lessee can avoid the high priced services that come with taking a car to get work done.
Fluctuations in trade-in value are not a factor
It can be stressful trying to trade in a car after you have had your time with it. The smallest changes in consumers’ style or traveling preferences might have negative implications for a car’s value. Thankfully, if the car is leased, that is something you do not have to worry about. Since you aren’t responsible for selling the car after you’ve finished your leasing period, you can save yourself the stress of trying to meet demand fluctuations.
If you’re interested in leasing and live in the Dallas/ Fort Worth, TX area, consider visiting award winner Autoflex Leasing. They have over 30 years of experience in leasing excellence and can’t wait to set you up with the car, truck, van, or any other vehicle of your choice. Contact Them Today!