Leasing a car is not for everyboody. If you're similar to me and maintain your automobile for many, many years then renting is not for you. If however, you don't get "attached" to a vehicle as some of us do, and you like having a new car every few years then renting may be for you.
Nowadays cars are built very well and you can expect to acquire a good amount of mileage from your car. You can anticipate at least 100,000 miles. If you buy a car you may have five years of payments, but your automobile may last eight to ten years. But, as your vehicle gets on, the need for upkeep goes up too. With more mileage on you vehicle things begin to go bad and costs to support your automobile mechanically may rise. It's doubtful though that what you shell out for maintenance and car restoration will ever be the same as monthly payments would be.
When you rent a vehicle you pay monthly as you would if you bought a vehicle outright. But, when a lease is up, you have nothing to exhibit for it. These monthly payments may be somewhat cheap than if you were purchasing the car. Leasing a car commonly needs huge security deposits, taxes and fees. It is not necessarily cheaper up front than purchasing a car. Also, when you hire a car you have mileage restrictions. A rent generally allows thousands of miles annually. If you exceed that cost you pay for each mile. This can really be advantageous.
Hiring does not imply you do not have to pay for upkeep. You are held to the makers specific servicing timeline for your vehicle. If you don't have the needed care performed this can nullify your rent.
If you need to stop the lease before time is up, there are more often than not huge cancellation fees. At the closing of your lease if there's damage to the car, or if there are missing parts you will be billed for them.
Make it a point if you're considering hiring an automobile which you understand all the fine print in the agreement and all possible extra charges before affixing your signature on the dotted line.
