Wednesday, January 4, 2012

Why People Opt For Car Lease Over The Long Term

By Leona Lloyd Roberts


Whether it is better to buy or lease a car has been the subject of debate for quite a while now. There has been no conclusive verdict on this yet, but there are reports of growth in the number of leased vehicles. This indicates a shift in preference from the past where buying was the preferred option. Both corporate and personal clients are increasing preferring the leasing option. It is not common to find products that successfully satisfy both these markets. Car for leasing is therefore a very special product as it meets the needs of both these groups in a manner that has caused it to gain increased popularity. The benefits of this form of car ownership are quite many and significant regardless of why you need the car.

Having monthly payments that are much lower is the first benefit of car and leasing over the long term. Some have argued that buying a car involves payments over a short period and it is therefore the cheaper option. Buying the car will involve higher monthly payments which will often be almost double the amount required to lease the same vehicle. Maintenance will often be a significantly higher cost at the time by which a buyer is completing the monthly payments to own the car.

After paying the amount required for buying the car, you will soon be paying a lower but significant amount for repairs and parts. The person leasing a car will always have a better running car while paying a lower amount. You can easily end up spending more on repairs and inefficiencies of an old car, than the amount it would cost to lease a car.

Business clients are attracted to long term car leasing for a number of different reasons apart from the low monthly payments. This is due to the fact that the arrangement takes away the need to continuously buy and sell off vehicles every few years while at the same time ensuring the business is always operating an efficient fleet. For an affordable monthly fee, the company will ask their dealer for a new fleet so as to have operations that are smooth and uninterrupted. The costs and inconveniences involved in buying and selling cars every so often are avoided in a simple efficient manner. Those who operate using leased vehicles will rarely have issues with breakdowns or other such transport problems. The business will always operate using the most economical vehicles and this means they will have improved efficiency.

People working in certain careers are expected to maintain a particular lifestyle. A new and trendy car may be required by such a person at all times for this reason. It would not be sensible or convenient to keep buying and selling cars in an attempt to keep up with the newest releases. A car lease is a better option for this kind of person or group of people. These represent a few among the many benefits that car leasing has to offer commercial as well as private clients.




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