Manhattan is known for its expert craftsmanship, as exhibited with their excellent Manhattan Sluggers, for their famous citizens such as Muhammad Ali, and for their many dozens of renowned children’s hospitals that help improve the lives of sick children each year. Another thing that Manhattan is known for is its many car dealerships, where people can lease cars that they otherwise never would have been able to drive due to the hefty up front price of buying a car. Thanks to leasing arrangements, it’s possible to drive away in even the most expensive of cars.
Before leasing a car, it’s wise to know some of the basics of the arrangement. The more you know about leasing before you lease a car, the more comfortable you will be in the decision. The advantages may seem obvious AFTER you lease but before you lease, it might be difficult to know if it’s the right decision.
The Many Advantages of Leasing in Manhattan
Manhattan citizens can be comfortable with a leasing agreement for a number of reasons. The first is the up front price tag.
Saving money up front
The most obvious advantage of leasing is the low up front costs that accompany it. When you buy a car, you are financing the entire price of the car up front, making for a large down payment and large monthly payment. In comparison, when you lease a car you are paying the difference between the current price of the car and the depreciated value at the end of the lease term. Because of this calculation, you’re going to be paying a lot less on a down payment and of course the monthly payments on a lease. This can amount to thousands of dollars difference between a leased car and a bought car. This isn’t the only advantage to leasing a car, though.
Savings on repairs
Car repairs are one of the single most stressful events in life. When a car you depend on stops rolling, things get scary in a hurry. Most people depend on their car to get them to the grocery store, to work, and to recreational events. When the car breaks down and you don’t have the money to fix it, life quickly goes downhill and worries mount. The great thing about a leased car is that you’re going to save tons of money on repairs. Your leased car should be covered under factory warranty, so that means when you car stops rolling, it’s a matter of taking it to be fixed- almost always, for free. You can’t beat that price tag for a car repair.
Increased quality of car
It’s an unfortunate fact of life that many people buy a car they can afford, not a car that they love or even want to drive. There’s a better option if you have great credit. Leasing allows you to buy even a luxury car at a price that’s affordable in the short-term. The lease payments are typically 60% less than payments on a new car, freeing up your funds for living expenses and vacations. The end result is that for the next few years, you’re going to drive a car that you truly want to drive and are proud to have, all while knowing that if there are any repairs to be had, they’ll be covered by warranty.
No trade-in worries
Trading in a car that you’ve purchased can be an empty feeling. By that time, you’ve invested a huge chunk of cash into it and it’s practically worthless by the time you trade it in. There is no such dilemma with leased cars. What you get to do is drive the car straight to the dealership and return it, no questions asked. You don’t have to go through the worry of re-selling it or trading it in for practically nothing. You’ve paid a fair price for the time you’ve driven it and now you’re free to either buy it or hand it back over. This is one of the grandest luxuries of leasing.
Read to lease in Manhattan?
Manhattan citizens can get all of the great benefits of leasing right from the comforts of home. A lease agreement is easy to work out with a dealership who will explain all of the little details up front, with happiness. Most dealers know just how important leasing is and how beneficial it is to most of their customers. They gladly explain the terms so that you know exactly what you’re getting when you lease a car. If you’re tired of driving cars you can only afford and want a truly great car to experience, leasing is your best bet.