The Pros and Cons of Leasing Your Next Vehicle
The decision of whether or not to lease your next car can get a little tricky at times. You may be getting mixed opinions from your acquaintances making your decision-making process even tougher. In this case, it is imperative to know both the negatives as well as the plus points of leasing a car. In order to get a clearer picture on leasing a vehicle, here are a few pointers that you must keep in mind.
No Warranty Woes
When you decide to lease a car, there is no need for you to be worried about running out of the warranty period of your car. Whereas when you buy a car, there is a constant worry looming over your head as to how much expenses you will incur after the warranty of your car ends. When you lease a vehicle, the dealer has you covered and you don’t have to worry about the warranty period running out.
Trouble of Monthly Payments
One pitfall in this case is the constant payment that you have to make to your dealer with each passing month. Even though the monthly payments are lower in leasing than the installments you have to pay after buying a new car, the point is that you have to keep paying the fixed cost regularly. This requires you to have a stable income with each passing month, without irregularities.
Keeping Up With Trends
If you prefer getting your hands on every new car model that comes along without actually spending the big bucks on buying them, then leasing is meant for you. You can choose to lease any latest model of a car and give back the old one as soon as your payment or contract period is done with. This way you can fulfill your whims and fancies by driving whichever car you like and the one that perfectly fits your budget.
Staying Within Limits
One downside to leasing a vehicle is staying within the stipulated number of miles. If you are a true wanderer, love road trips or always seek adventure, leasing may not be the best option for you. Every leased car has to be driven within a range of miles that is predetermined. If you surpass the given mileage, you are liable to be charged extra. In this case, if you need to travel longer distances or have unplanned travels, buying a car is a better option since there are no limits to how much you can travel.
Troubles of Selling
Lastly, one of the most important aspects that make leasing a car perfect for you is whether you are settling in one place or your work demands you to move around and relocate, possibly even abroad. If you need to do away with your car for any reason whatsoever, selling a car is one of the most tedious processes anyone can ever come across. This is never a problem when it comes to leasing since all you have to do is hand the car over to the dealer.
These are a few pros and cons of leasing a vehicle which will make your decision-making process a lot simpler!