When Does Leasing Beat Auto Loan Financing?
Whether leasing is advantageous or not will depend on your particular financial situation, on your needs as a driver, as a tax payer and eventually as an owner. By leasing a car you agree to a series of terms that you should be well aware of before even considering undertaking a leasing contract. This is due to the fact that leasing is only advisable under the right circumstances. Otherwise, compared to auto loans leasing is far more expensive on the long run. Thus, you’d better analyze your situation carefully prior to deciding what to do. Car Leasing Explained When you lease, the financial institution is the proprietor of the vehicle and remains proprietor of the vehicle till the car is finally purchased. During the leasing contract you get to drive the vehicle and use it with some restrictions (according to the leasing contract). The limitations are similar to those imposed for the ones that rent vehicles and basically depend on the financial institution stipulations (for instance,
