Tuesday, May 1, 2012

The Perks of Leasing a Car

Are you in the market for a new vehicle? If so, leasing a car is definitely something to consider. Choosing leasing over buying has a number of significant advantages, as car leasing deals include vehicles with all of the latest entertainment and safety features, as well as maintenance packages and decreased monthly payments.

Car lease deals bring new and luxury vehicles into your price range, making it easy to lease new cars without breaking the bank. Most car leasing companies allow you to customize your new vehicle to include neat entertainment features such as ports for MP3 players and rear seat entertainment. You can also enhance the convenience, comfort, and style of your car with GPS systems, back-up cameras, leather interiors, or polished veneer surfaces. Plus, when you lease new cars, you're leasing some of the safest cars on the market. Protect yourself and your family with side airbags, rollover prevention technology, and emergency response systems. Some cars are even smart enough to monitor blind-spots and lane departure, or to detect and brace for collisions before they occur.

Next, car lease deals often match the length of the manufacturer's warranty, so that you never have to worry about paying for your own basic repairs. Many car leasing companies offer on-site maintenance for all of the makes and models they lease, which means you won't have to go hunting for a new mechanic.

Want to save money every month? Leasing a car can help with that too. The monthly payments for car leasing deals are generally 30 to 60 percent less than even zero-interest car purchases. This is because purchases require you to pay the entire value of a vehicle over time, while car leases only charge you for the expected depreciation during the lease term.

Leasing a car boasts one other important perk: it allows you to be flexible. Buying a car is a long-term investment, and unloading your vehicle requires the hassle of a trade-in or sale. Alternatively, car leasing deals only last for a set amount of time, so that you're not signing up for any long-term commitments. If you get a new job in a location where you don't need a car, for example, or find out you have one or two new members of the family on the way, all you have to do is wait until the end of your lease to return you vehicle. Of course, if you want to keep driving your lease vehicle, most car lease deals include an option to buy as well.

Even with all of these perks, some drivers are still intimidated by car leasing. Isn't it complicated? It's true that car lease deals involve a variety of factors, but these concepts are easier to master than you might think. The most important factor is the residual - your vehicle's expected depreciation over time, which determines the cost of your lease. Fortunately, the internet is full of leasing guides and information on residuals by make and model, so you educate yourself before leasing a car.

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