You’ll Spend Less
First of all, if you are like many drivers, finances are probably at least part of your concern when it comes to acquiring a vehicle. Sure, you might have had your eye on some flashy brand new cars, but you are probably realistic about what you can and cannot afford.
What you might find, however, is that with leasing, driving a car can be more affordable than you have ever thought that it would be.
From the very day that you drive the car off of the lot, you are going to spend much less on a leased vehicle than on one that you purchase. For example, when you find that you do not have to drain your savings account to come up with a hefty down payment, you are sure to be happy that you only have to worry about an acquisition fee and a security deposit instead. This alone can make the idea of leasing very tempting for your average person.
Then, you are sure to be happy each month when you have to send in your lease payments. If you have ever had to make monthly payments on a car, you probably know just how expensive they can get. This is especially true in today’s world, when car prices are higher than ever and when car payments cost hundreds and hundreds of dollars a month. Even though your lease will come along with a payment as well, the payment is sure to be significantly lower than an equivalent car payment. This can make each month’s budget a whole lot easier for you.
If you’ve ever had a car that needed a lot of repairs, you might have also found just how expensive car repairs can be. With a leased vehicle, this is not usually something that you will have to concern yourself with. Other than paying for basic maintenance — which is also sometimes covered as a part of the lease — you do not have to worry about paying for repairs in most cases. This is because a leased car is typically still under warranty for the entire lease term.
You’ll Enjoy the Car More
A lot of people find that they also enjoy driving a lot more when they drive a leased car. This is because for once, many buyers are finally able to drive the car that they actually like and want rather than just what they can afford to buy.
When you buy a car, you might have to buy a used car in a model that you don’t exactly love just to keep your payments within a reasonable range. With a leased car, however, you can choose from the new cars on the lot. Even if you opt for a luxurious, “expensive” car with all of the bells and whistles, the monthly payment is sure to be surprisingly affordable. This is a good way for you to be able to drive a car that you really enjoy.
You Can Avoid Ownership-Related Headaches
Not only do you not have to worry about the cost of repairs, but you also do not have to deal with the aggravation in most cases. Instead, you can focus on just driving the car rather than worrying about being stranded on the side of the road due to driving an unreliable vehicle. You can also cut out a lot of wasted time at a mechanic’s shop.
Additionally, you should think about the aggravation that can go along with selling a car. Selling a car can be a big pain, since a lot of people are looking for rock-bottom prices. Plus, you’ll generally have to have your maintenance information on hand to prove that the car has been maintained. Then, you’ll have to worry about listing the car up for sale, dealing with phone calls and meeting with people until you find a buyer. All of these things can be a big hassle, but you’ll never be the one who is responsible for selling the car when it’s a leased vehicle. Instead, you can just turn it in at the end of the term and sign a lease on something new again, all without a big hassle.