There are an incredible amount of advantages that come along with leasing a car, many of which go overlook or misunderstood by the average consumer. The terms Auto Lease almost seems to be a taboo among consumers, complete with butterflies in the stomach and the hair on the back of your neck shooting up. However, we are here to explain to you the benefits of Auto Leasing, many of which outweigh the default option of purchasing a car.
The biggest difference between leasing and buying is the price. Any dealer worth his salt will tell you it is cheaper to lease rather than buy. This increases your chances of driving a car you may never be able to afford buying. You really like that Aston Martin James Bond drives, it’ll cost less if you lease it. As well, leasing companies tend to have the ability to track down almost any car. So if you’re looking for a red Porsche with black leather interior, you’ll get it.
Auto Leasing is also the best way to guarantee you’ll be in a brand new car every few years. Unlike buying, a lease agreement only holds you responsible for wear and tear at the end of your lease and you are not responsible for the loss in equity. So, although you do not own the car, you do not have to worry about its depreciating value. At the end of your lease just bring it back, and if everything checks out, establish a lease with another new car, or simply walk away. On this site you will find articles related to auto leasing as well as reviews to help you make an informed decision on which company is bes for you.
The idea of not owning the car you’re driving tends to make some consumers uneasy, to which we say, why? When you own a car, its value drops the second you drive it off the lot. It will never again be worth what it was, and if in five years you decide to purchase a new car, you’re at a loss. Leasing keeps the payments low and guarantees you a new car every few years.
It is always important to educate yourself before purchasing, renting or leasing anything, especially an automobile. Uneducated and expedited decisions tend to end in regret. It is for this reason that we have compiled a list of important criteria all Auto Leasing companies should have.
It is important that you look for an Auto Leasing company that is well rounded, offering more than the obvious selection of cars, trucks and SUVs. All of the companies listed on our review offer service in all 50 states and can find you the car of your choice. An Auto Leasing company should also offer an option to trade in your current vehicle as a part of the lease agreement, and allow you to purchase the vehicle at the end of the lease if you wish to do so.
Ease of Use
All of our Auto Leasing companies offer one of two services: Either they serve as the middle man, hooking you up with dealers in your area who possess the car you desire, or you lease the car directly through the company and they deliver it to your home. We prefer the latter because it keeps you from having to go in and deal with a car dealership. The door-to-door service is also much more convenient. A good Auto Leasing company will also offer free lease quotes and About-Leasing articles and information to help educate you about leasing a vehicle.
Potential End of Lease Costs
There are a number of costs associated with the end of a lease, all of which vary depending on each individual lease agreement. An additional mileage fee is common because in your lease agreement you’ll have to determine the amount of miles you’ll drive each year. You can also choose unlimited amount of miles, but this will increase your monthly payments. You will also be expected to pay a fee if you neglect to make a payment on time, or if you wish to get out of your contract early.
A good Auto Leasing company will have multiple avenues through which you can get support. The most popular is phone support (preferably a 24/7 toll free number), email support and an extensive FAQ section.
Leasing can be a great way to stay in a new car with minimal payments; however, we must stress that leasing is unlike renting. When you rent and you pay for the extra insurance, you can do almost anything to that care besides driving it head-on into traffic. This is not the case when you lease. When you lease it is imperative that you treat the car the way you would a car you own. Fixing potential or existing problems, in addition to performing smaller tasks such as changing the oil, will ensure your car stays in top shape. This is important because all Auto Leasers charge extra for wear and tear that may have accumulated over the course of your lease. They may not get fussy over a little scratch, but if you neglected to put transmission fluid in your car during the three years you leased it, you will most definitely have to pay.
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