There was a time when almost everyone bought their car. But more and more drivers are leasing their cars instead. Why?
For some people, leasing a car or getting an exotic car lease makes sense for the following reasons:
#1 Lower Monthly Payments
Leasing your new car means you will pay 30% or 40% less per month versus purchasing your vehicle. This allows you to drive a better car than you could normally afford. Let’s face it, some folks just enjoy driving fancy cars and leasing allows them to do it.
#2 No Repair Costs
Most car leases are for 24 or 36 months. A short-term lease means you are probably covered by the auto manufacturer’s bumper-to-bumper warranty during the whole lease. You do not have to worry about repair costs at all. For many Americans, this peace of mind makes a lot of sense.
#3 No Worries About Used Cars
When your lease is complete, you just return the vehicle to the leasing company and lease another car. You do not have to worry about selling your car or dealing with car values and so o.
#4 Tax Advantages
If you are using your car for your business, you probably can write off the entire lease payment on your taxes. Even if you do not own a small business, most states only tax you on the usage part of the lease, meaning you do not pay taxes on the car’s full value. This can save you a few hundred dollars over buying.
#5 Drive New Cars
Some drivers enjoy having a new car every two or three years. This allows you to enjoy new features and technological advances that come with new vehicles.
#6 More Choice
When you lease your vehicle, you do not have to worry about quality or reliability because you are only driving it for two or three years. Most new cars do not have problems during this time, so you can select a car that you would not always buy for the long term.
#7 Less Money Down
You can lease many cars with no money down; there will be upfront fees but you can roll them into your payment. Buying a car usually requires a down payment.
Leasing your car does have some advantages for many people. If you like to drive a new car every few years and don’t want to worry about repairs, leasing could be just right for you.
Nick is a content writer and very much interested in new findings in the automobile industry.