Benefits Of Leasing 432

Benefits of​ leasing
Despite aggressive low-interest financing, cash-back offers and​ other
purchasing incentives offered by leading auto-makers to​ buyers, leasing
numbers keep increasing steadily over the years .​
Leasing is​ not only an
attractive financial proposition​ to​ most auto-consumers, but also a​
lifestyle and​ preference choice .​
Benefit Number 1: Keeping up with the latest trends
Leasing is​ sometimes more of​ a​ personal and​ lifestyle choice than a​
financial one .​
Many people are not comfortable with the idea of​ owning a​
vehicle over a​ long period of​ time .​
They’d rather keep up with the latest
trends of​ the industry and​ drive the latest models every two to​ three
years .​
Leasing a​ car gives you​ the convenience of​ having the latest technology
and​ safety innovation, such as​ an​ electronic stability system, DVD
entertainment systems and​ advanced stereo equipment .​
if​ you​ are willing to​
forego ownership for​ the latest set of​ wheels, than leasing is​ your​ best
Benefit Number 2: Purchasing Flexibility
Leasing also offers purchasing flexibility: it​ allows you​ to​ defer the
purchasing decision​ while using the car .​
you​ don’t have to​ haggle with your​
mechanic over repair expenses, deal with hefty maintenance bills or​ worry
about a​ depreciating asset .​
Provided you​ can keep the vehicle in​ good
condition​ and​ stay within​ the contracted mileage allowance, you’re
effectively getting a​ test drive for​ the length of​ your​ lease .​
At the end of​ your​ lease, you​ can purchase the vehicle or​ simply turn in​
the keys and​ walk away .​
No questions asked .​

Benefit Number 3: Cash Flow
Leasing offers many short-term benefits .​
It reduces your​ initial cash
outlay as​ you​ do not have to​ pay the large down payment required for​ car
ownership .​
you​ only pay for​ the depreciation​ on​ the car - only the part you
will use during your​ lease, not the entire vehicle .​
this​ results in​ lower
monthly payments and​ frees even more cash .​
this​ cash can be put to​ use more
intelligently elsewhere than the questionable investment of​ owning a​
depreciating asset .​
if​ you​ are self-employed or​ use your​ car for​ your​ job,
then you​ can write off your​ leasing payment as​ a​ business expense .​
Benefit Number 4: Negotiating Leverage
Although it​ may seem a​ little unorthodox in​ this​ industry, almost
everything about leasing is​ negotiable .​
if​ you​ know all the fees involved,
you​ can lower your​ monthly payments, negotiate the purchase price of​ the
vehicle at​ the end of​ the lease and​ contract additional miles on​ top of​
your​ mileage limit .​
you​ can also do some shopping around and​ compare deals
from different auto-insurers to​ get the cheapest GAP insurance for​ your​
lease .​
(Word count: 432)

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