subject: There Are Lots Of Advantages To Car Lease [print this page] We all dream of travelling on luxury wheels but they are so expensive that they are almost beyond our reach. But you can turn your dream into a reality. It will help you to travel in your fantasy car, even if you cant afford to buy it.
Car leasing is a great substitute to buying cars and almost everyone can afford it. Lets find out what exactly is car leasing:
Car leasing is the process of financing a car that you are going to use for a certain time period. Renting a car is different from car leasing. Car leasing is more like owning a car for a specified time period. For example, if the time period is of six months, then it is like you own the vehicle for six months.
Some individuals who are very passionate about cars and like trying out different models and brands often take to car leasing.
Advantages of car leasing:
Monthly payments are much lower: in the case of a car lease, you only pay for using the car for a certain period of time. So the monthly payment you have to make much lesser than the purchase loan (approximately 30% 60% lesser in amount).
No down payment is necessary: you are given the option of making no down payment. But it is necessary that you pay up for the first month and for the initial registration. Although in the case of some promotional car lease deals, making a down payment is a compulsion.
You can use a variety of cars: the payment that you have to make per month is much lower than the monthly payment which you have to make when you buy a car. This gives you the opportunity to travel on a new car every 2 to 4 years, whenever your car lease ends.
Less maintenance hassles: people who opt for car lease prefer using a car while it is still carrying the manufacturers warranty. Therefore, in case of any damages, the warranty takes care of it!
Options to lower your rates: most of the deals call in for very little or no down payment at all. This makes things more affordable for you. But if you want to, you can go for a down payment. You can also sell your old car to get which will get you further discounts.
A cut down on your taxes: if you purchase a car, you have to pay sales tax on the value of the car. But if you go in for car lease, you will not have to pay tax for the entire value of the vehicle. You need to pay only a part of the value of the car. Furthermore, the tax is distributed and has to be paid with the lease payment every month and not as a lump sum amount altogether. This is true for most of the states of the US and also in Canada.
So you see how car leasing can be of greater help to you than purchasing a car! Commercial car loans are very high and leasing can be an escape from the entire heck!
