The Real Benefits of Leasing Compared to Financing
September 02, 2013
Here is a fact everyone can relate to: Buying a car can be overwhelming. If the thought of purchasing a new or used vehicle has you stressing out about all the money you will be spending, have you considered leasing?
If you decide to purchase a new car, it will lose its value very quickly. In the first couple years after being purchased, most new vehicles depreciate 20 to 40%. The longer you own the vehicle for the more value you lose. The result is you are left with very little equity in the car, and very little resale value. So you own a car that you paid $25,000 for and now you can sell it for maybe $2,000 10 years later. If you went with leasing you could be paying less and could have potentially leased 3 brand new cars within that time.
One of the greatest and most important benefits about leasing a car is the money you are going to save. A lease requires little or hardly any down payment, which can save you a substantial amount of money. Another additional bonus is there are no upfront sales tax payments. With a lease, the monthly payments are usually lower compared to a finance rate. If you are looking to spend less money on a car a lease is the way to go.
Another fabulous advantage is the pleasure of owning a new car every few years. You will never have to worry about the depreciation of your vehicle. You will have the advantage of driving a vehicle with the latest style and technology every 3-5 years.
So when it comes time to purchase a car, consider leasing as an option for you. Leggat National Leasing is here so help you with any of your leasing questions or concerns you may have. Come experience the benefits that leasing a new car.