You’ve decided that you need a vehicle: will it be new or used? What make and model do you want? What mileage do you need to get from it? What colour? What accessories do you need?
There are many more questions that you will need to ask yourself, with some being more interesting than others. After all the fun questions, there will some tedious and worrying – yet necessary – questions that will also need to be posed, such as how much will it cost? Will I be able to get financing? How much will I have to pay for insurance? Does it start decrepitating in value as soon as I receive it?
Yes, there are certainly many issues that can make car ownership a bit of a drag, which makes it easy to see why car leasing is increasingly being seen as a more viable option.
Car Leasing is Cost Effective
If you are watching the pennies, the cost of running a car can be enough to worry you – and this is without factoring in the initial outlay for the price of it. Instead, for a relatively low monthly payment, you can have full access to a car through leasing.
You won’t have to worry about negotiating the ‘sticker price’ and the cost of ongoing maintenance, or whether you’re getting a good deal at each step.
It is also easier to keep to a budget as you will be aware of the monthly sum that will be due, without having to worry about any unexpected maintenance bills.
Get More Choice
Unless you’re famous/an entrepreneur/a career criminal, you’re unlikely to be lucky enough to have a multi-car garage full of motors. Though you may initially relish driving your new car, you may get bored because, as the old adage goes, the grass is always greener on the other side.
If you own your car, continually changing it to get the latest model sounds like a lot of work. However, when you lease a car, you can enjoy the latest car on the market every time you come to the end of a car lease agreement. You will have a great deal of choice as to the car you want to drive next.
A Car Lease Offers Flexibility
For many, a car is more of a luxury than a necessity and, accordingly, there may be occasions when it is not required. Car leasing makes it possible to take a break from the use of a car, if and when necessary. For example, if your job requires you to go on secondment to another country, you can simply return the car at the end of a lease agreement rather than needing to sell it.
Besides this, car leasing presents the opportunity to get a suitable car as your needs change; such as if your family grows, or you move from the city to the country.
With the range of benefits that car leasing can offer, sensible drivers have made it an increasingly popular option.