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» Heres Why Leasing A Brand New Car Is Better Than Buying It
Heres Why Leasing A Brand New Car Is Better Than Buying It
Do you want a brand new car? To get one, you have to find a way to pay for it. The main choices are to buy it or lease it. Sure, there are pros and cons for both options. But when it comes to brand new cars, leasing is always the best option to choose.
You will doubtless have naysayers telling you that leasing a car is a waste of time and money. They might even compare it to renting vs. buying a house! But cars and houses are two different things. The people that tell you leasing is a waste of time are usually those that have never realised the benefits of doing so!
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Don't let those people influence the way you buy your car. Be an informed motorist and learn about the benefits of leasing a new car before you make your decision! Those benefits are as follows:
You pay less per month
When you buy a car on вЂњstraightвЂќ finance, you have to pay a deposit and then a fixed number of payments over a long period. The trouble is, those repayments can be quite high. And in an age where austerity is rife, it doesn't make sense to pay lots of money for a car.
Leasing is a much better way of getting on the road with your brand new car. Deposit amounts are lower with leasing, as are the monthly repayments. In some cases, the car maker will pay a вЂњdeposit contributionвЂќ towards your new car.
In other words, they pay your deposit for you. In those cases, you dont have to stump up a load of cash before you can get behind the wheel of your new pride and joy!
You don't have to worry about your car breaking down
Brand new cars won't leave you stranded on the side of the road like used cars do. Because leasing a car is cheaper than buying one, you can afford to buy a brand new car instead of settling for a used model.
For added peace of mind, some brand new cars come with a year's free breakdown cover. But car dealers know you aren't going to use it; such is the confidence they have in their models!
It's better than hiring a car
Personal contract hire is a way of leasing a car. The only difference is, you don't have the option of buying the car outright at the end of the term. According to Listers, if you are happy to lease cars for the foreseeable future, personal contract hire is your best bet.
They are a cheaper alternative to hiring a car from the likes of Avis or Enterprise on a long-term basis.
Some dealers even offer free fuel
A lot of car dealers throw in free insurance for a year when you get a brand new car on a lease. But there are also a few that even offer to pay for your petrol or diesel for a year! It's deals like these that can make all the difference when leasing a car.
That is because your total running costs are much lower than they are had you bought the car outright.