Leasing A Car Should Be An Option |
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Mark Etinger
30 August 2012
Having a car at your disposal is very convenient. It means coming and going as you please and on your own schedule. It means not having to deal with the schedules of other people; this includes public transportation. From taxis, trains, to buses, there are a lot of problems that can pop up for any one of these things that would prevent you from getting where you need to go. That said, having a car does not necessarily mean you have to own it. Besides straight out buying a car, car leasing is also an option that you might want to consider.
Owning can be a difficult thing to do. And truth be told, it is easily an expensive thing to do. You have to pay a lot of money over time as well as upfront to drive out of a car dealer's lot with the car you want. And the moment you step on the pedal and drive out of the dealer's lot, the car has already lost much of its value. Also, you are now pretty much married to that car and are required to pay monthly costs to pay off the vehicle. Is car leasing any different?
Absolutely it is. First of all, you have to understand that you do not own a car you are leasing. You are simply paying part of the value of the car to use it. You take on the responsibility of getting the car insured much like owning a vehicle. But, you have the fortunate luxury of not paying as high an upfront cost upon signing the lease; you might not even have to pay an upfront cost at all! So you have some money right there. Monthly costs tend to be lower as well. You just have to agree to lease the car for a minimum amount of years - usually about two to three at the least - and after that you can wipe your hands clean of the car and move on, or lease a whole other vehicle. Some car dealers might even have the option to let you buy the car if you like the vehicle that much.
All in all, there is a lot of wiggle room in car leasing that you just do not have in owning a car. You pay less money in the long run and you do not have that vehicle for the rest of your life if you do not want it. Theoretically, you can ride in new cars every two to three years by leasing. It is hard to argue that is not an attractive incentive.