What Should You Do Lease or Buy?
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Leasing or Buying What is Better For You
Despite aggressive low-interest financing, cash-back offers and other purchasing incentives offered by leading auto-makers to buyers, leasing numbers keep increasing steadily over the years. More and More people are finding that not only does leasing offer financial benefits but it offers lifestyle benefits as well.
Our #1 Benefit: The Latest Trends are Always in Reach
Leasing is sometimes more of a personal and lifestyle choice than a financial one. Consumers just do not like to be tied down to a car for a long time. It comes down to people want to drive the newest model cars and trucks , not a car that is 5 years old.
Why wouldn't you want to take advantage of all the latest technology and safety equipment that new cars bring , not to mention the newest body styles and engine upgrades. Leasing works , as long as you are willing to forgo owning your car or truck.
Benefit Number 2: Purchasing Flexibility
What is purchasing flexibility, in regards to leasing it allows you to give the car a try while you determine if you want to buy it or not. Everything is covered, no repair bills , and even better yet no depreciation. Just keep the mileage low and the car clean and you are getting to test drive the car before you decide to buy it with a lease. The great part is at the end of the lease it becomes your choice buy the car outright or just give back the keys and find a new car. Without any questions
Number Three: No cash outlay
Short term here is what leasing will do for you. There is no large down payment so you get to keep that money in your pocket and use it for other things. You only pay for the depreciation on the car - only the part you will use during your lease, not the entire vehicle. This is why the monthly payments for leases are so much lower than buying. This cash can be put to use more intelligently elsewhere than the questionable investment of owning a depreciating asset. Talk to your accountant , but a lot of consumers save on their taxes because of leasing over buying. |
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Author Resource:-
The author now leases all his vehicles instead of buying and recommends others do the same. Take a look at Miles newest projects car alarms systems And also please see this onebest car alarms
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By :
Miles Stevenson
Submitted
2010-08-31 20:24:07 |
Article From Article Mayhem
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