What are the potential advantages of leasing a car?
When you lease a car you will be expected to make a payment equivalent to three or four months’ payments. This will amount to a small percentage of the car’s overall value. As a result leasing offer the option of paying a small amount upfront. Leasing may offer you the alternative to drive vehicles you cannot afford to buy via other methods. Additionally, more prestigious vehicles will have a higher residual value at the end of the contract, meaning a proportionately smaller monthly fee. At the end of the contract you can walk away from the car, choose to buy it outright or lease another brand new vehicle. Vehicles are often subject to excellent leasing deals that may be a result of the manufacturer’s desire to clear stock. Low-cost contracts and add-ons such as maintenance or road tax can often be found online.
