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Best Short Term Car Leases

Best Short Term Car Leases

Sometimes, you simply don’t want to buy a car, or get stuck in a long term car lease. What do you do then? There are a few different options available for someone looking for a short term car lease.

Take over a car lease

One of the easiest ways to get a short term car lease is to take over someone else’s lease. There are many lease exchange platforms that allow you to take over existing car leases that someone else has. Depending on the length of the car lease, this could be one form of short term car lease available to you.

One of the drawbacks of short term car leases, is the potentially higher cost. Short term car leasing typically results in higher monthly fees to the person leasing the car. Often, you pay a 25% to 50% higher monthly rate for the car lease. In addition, because it’s a short term car lease, you will likely be restricted on how many miles you can drive the car as well.

To be frank, short term car leases aren’t typical. Many car dealers prefer to lease for 24 to 36 months. Obviously, your circumstances may prevent you from being able to take a lease for this long, which is why you need a short term lease. Leasing a car is similar to renting one – except in this case you’re doing it for a longer period of time. Often, drivers will elect for short term car leases because they want to drive the newest car frequently.

 

Common forms of Short Term Car Leases

Car dealerships typically don’t sign short term leases. If they agree to do so, you’ll be paying a significantly high amount for the lease. Instead, you may want to consider a short term car lease through a long term car rental, or by taking over someone else’s lease payments.

 

If you’re considering a short term lease with a rental company, then you can contact the rental company directly. Many will offer special discounts because you are renting the car for an extended period of time. When you’re doing a lease takeover, it’s more complicated. You have to go through the current owner’s financing company – and you have to file paperwork to get approved. There is typically a fee for this process.

There are a lot of people today who are in the market to buy a new vehicle. Over the years, this is one of the most important investments that you can make. With all of the changes going on in the car industry, technology is advancing at a rapid pace. Some people want to own the same car for a decade or more. However, other people would rather have the flexibility to change their vehicle on a regular basis. Buying a car is never cheap, and car loans are a burden financially. This is where a short term car lease can really help in your personal financial situation. With all of the benefits of a lease, it is no wonder that so many people are moving in this direction.

Car Loan?

If you buy a car and do not have the cash to pay for it, a car loan is the most common way to get the vehicle. However, there are a lot of buyers who are starting to look for other ways besides getting a loan. A car loan has a high monthly payment that you have to absorb every month. With all of the changes that are starting to take place in the industry, now is the time to look at your options. Even though lending is easier than ever before with all of the online options, there are still better options out there.

Instead of getting a car loan, you can get a short term car lease. There are many people who are not familiar with the benefits of this decision. Not only will you save money, but you will also save time throughout the process of owning the vehicle.

Lower Payments

When you get a short term car lease, the payments are much lower than if you get a car loan. With all of the different financing issues that many people have with loans, a car lease is a great way to save time and money. A lease means that you will not technically own the vehicle, and at the end of the lease the car is given back to the dealership or car company. However, there are a lot of benefits to this style. With lower payments, you can save more money each month for something else that you want to buy.

Changing Cars

Some people prefer to own their car and drive the same one for many years. There is nothing wrong with this option, but you are going to limit your options on what you can drive for many reasons. A car lease allows you to drive the newest and best models available. Not only that, but you can start to see what cars you like to drive because you get to experience so many options. There are too many car options in the market today to just drive one type of model. A car lease option gives you the opportunity to experience everything that the industry has to offer. This is a huge selling point to getting a car lease over a loan.

Repair Issues

Another benefit of using a car lease versus a loan is not having to worry about car repairs. One of the most difficult things to deal with as an owner is a car in need of repair. Every time you go to the shop, you are spending hundreds of dollars to get something done. Not only that, but you have to spend a lot of time finding the right place to get the work done. With a car lease, you have a warranty that will cover all of the repairs for you.

When it comes to buying a car, there are a lot of decisions that you have to make. Instead of just worrying about the color or model of your car, you need to think about how you are going to buy the vehicle as well. A car lease has a lot of financial advantages over a car loan, but you have to assess your personal situation to determine the best decision for you.