It is a hard choice for anyone to make, Lease or buy? Which is better? Well this article gives you a guide on leasing and helps you to gain all the facts you need to decide if leasing a vehicle is the right option for you. Over 20% of cars on the road are leased cars, as this proves car leasing is more popular than you might think. Leasing is not always the right option for everyone but it is definitely an attractive alternative to buying.
Leasing a vehicle gives you the opportunity to have a new car every 2-3 years, where as if you wanted to buy a car outright then you are likely to have to stick with that car for much longer. Not only are you driving a brand new car every 2 or 3 years but you can also have peace of mind about any repair bills, maintenance, tyres and servicing (should you choose to take out a maintenance package, which is a very good idea!). Another advantage of leasing a vehicle is the much lower up-front payment. When you buy a car the up-front payment is huge compared to leasing, and if you do not have thousands and thousands to spare then this is a good option for you!
With leasing there are mileage limitations which can be seen as a disadvantage, but if you feel you are likely to be doing higher millage than the limit then you are able to agree on a higher millage deal with the leasing company. As with most leasing companies you have the option to purchase the vehicle after the lease has ended, you would not want to buy any car with a huge amount of millage unless it could not be helped. So keeping a limit on the mileage is better for the end value of the car.
Leasing works well for both personal and business users depending on their particular circumstances, but with business leasing, in most cases you are able to claim back at least some of the vat charged. For more information on claiming back vat on a vehicle visit Cars and Motoring Expenses.
And for more information on vehicle leasing and the latest deals visit Alternative Route Finance.
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