1. You'll never get bored
New
cars are coming out every year with more options, better fuel
efficiency, more stylish looks and newer technology. You don't want to
miss out on all that, do you? Leasing is a great way to always have the
keys to a newer car in your possession, and you'll never fall out of
love with your new ride.Â
2. Usually costs less than financingÂ
The
biggest advantage to leasing is that monthly payments will usually cost
less compared to financing the same vehicle. Of course, that's because
someone financing the car is paying for the whole car, while leasing
only pays for the cost of the depreciation of the car during the time
you have it.Â
3. No long-term reliability doubtsÂ
Worrying
about long-term reliability is something that car buyers deal with.
Leasing a car means you don't have to worry about whether the car will
age gracefully. Rust, interior wear and tear, and long-term worries
aren't a problem in a leased car since they happen much later in the
car's life.Â
4. Control of cost
With
leasing, you are able to control the cost of your usage based on time
and distance. By leasing, you can get in and out of a car limited to how
much you use it. Those that put high mileage on a car should lease as
the user can exact the cost of usage.Â
5. Volvo lease includes GAP insuranceÂ
GAP
protects you from paying some extra charges if your vehicle gets in an
accident. For example if you crash your car and you owe a certain amount
of it that is higher than what your finance department is giving you.
GAP will pay that difference in price.*
6. Leasing helps eliminate some risks
If
your vehicle is involved in an accident you get diminished value, this
will show up on the carfax of the vehicle. You are protected if you
lease, the leasing company carries the burden.
7. You can buy it after
When
your lease is done, you have the option of buying the car you just
leased. Leasing can act like a long-term test drive before you buy.Â
8. Few upfront costs
Leasing
allows you to get into a car with very few "upfront" costs. You often
don't need a down payment (or if you do it's fairly low), and your sales
tax is going to be lower since you only pay tax on the value of the car
you actually used.Â
9. You are only paying for the depreciation
Basically,
how a lease works is your payment is calculated based on the difference
between sale price and the residual value. You are paying for what you
use not the entire vehicle.Â
10. Never worry about selling or trading your car in.Â
At
the end of the lease cycle, you simply turn the vehicle in. The dealer
will take a report of its condition and as long as there is no damage or
excessive wear and tear or mileage, you are done with it.Â
So
there you have it! Leasing is a great way to buy a car and more and
more of our customers are realizing that. After reading this, we hope
you walk away with a more knowledgable opinion about the benefits of
leasing.Â