The Pros and Cons of Leasing Your Next Vehicle
It can get tricky when choosing whether to buy a vehicle or whether to lease it since both might seem like similar options when it comes to the payments and the eventual costs incurred. Apart from the money, there are some pointers that can supplement your decision about which option will suit you better according to your lifestyle and your liking. In order to provide a better picture, here are a few pros and cons of leasing that might be beneficial for you to make your decision. Since the pricing aspects can differ and are better known, here are a few other interesting factors to consider.
Cruising in the New
Leasing a car can be the best option if you love getting your hands on the latest cars with the newest technologies and advancements. If you’re into all the features and tech that new models and brands have to offer, leasing gives you the chance of changing your car more often.
If you are an adventure junkie or you just need to travel longer distances every once in a while, leasing may not be the best option for you. When you choose to lease a car from your dealer, there are a few rules and regulations that come with it. One of which is the stipulated amount of miles that you are allowed to drive. If you surpass the number of miles that are set to be driven, you have to pay for each mile that you exceed, and this can cost you a lot.
If you buy a car and the warranty period ends, you have to spend loads of money on servicing and maintenance. All you need to do if you lease your car is to pay the monthly renting costs, and nothing else, thanks to the manufacturer warranty. If your vehicle requires maintenance, servicing or even an oil change, your dealer has you covered. The last thing you need to worry about is to pay a lot for the repair and maintenance of your leased vehicle.
Final Damage Check
The only point when the leasing process of your car can seem like a train wreck is when you have to get it scrutinized by your dealer while making the return. This is when things can go terribly wrong economically. If your leased car has the slightest of damage and is not in perfect condition, you can be made liable to pay the huge amount for all the damages that you have done to the leased car.
Along with several other factors, whether good or bad, leasing is a process that you need to know about thoroughly before you take the plunge. Make sure you compare the prices and all the other pros and cons involved in buying or leasing a car before you make the final decision.