What Is Car Lease?
Leasing does not mean you own the car. It is like taking the car on rent. You can drive it as long as the lease continues. With traditional purchasing you need a large sum to buy and the dreaded depreciation begins. Within a few years the vehicles value falls and as a result the drivers stick to the same car for many years. With leased car, depreciation is the contract hire companys problem. You can trade in a car every year or even months and go for another leased one. Why Is Car Leasing Better Than Buying • Drive down the payments- the monthly payments are usually lower than a car loan • Stay with the trend- keep up with the latest trend by moving to new models • Appreciation Cars can often be leased for less than the cost of the depreciation to a new car • Throw away disposal costs • Take control of your money- No lump sum to be paid so the money is not tied-up with one purchase • Be free and easy- No negotiations, no dealing with maintenance bills or road tax as these should be the
