Car Leasing

1
I love my car.
2
I love every feature that it offers such as the
Bluetooth or hands-free calling.
3
I love the stereo, and the GPS that is built into
the dash.
4
I do however get jealous when I see someone else
driving a model year newer version of the car I
drive.
5
This gets me to start thinking what features I
may be missing out on due to the model year
difference.
6
I then remember that Im still financing the
model year that Im currently in, and have
another year left until the vehicle is paid off.
7
I have heard of this purchasing option called
leasing, and I wonder what the benefits are of
leasing a vehicle.
8
I also want drivers to be aware of all of their
options for purchasing a vehicle, and so Im
going to inform you of the benefits and cons of
leasing a vehicle.
9
One of the first benefits that drivers can enjoy
when leasing a vehicle is that they can drive the
latest vehicle model of their choice depending on
the length of the lease.
10
With this being said the vehicle is usually
covered within the manufacturers warranty in
case something happens.
11
There are also financial benefits to leasing
versus buying a vehicle.
12
The first is that there is often no down payment,
or a very low one making it easier for people to
afford to lease the vehicle of their dreams.
13
The next benefit is that drivers that lease
vehicles have a wider selection of choices when
they are selecting a vehicle due to the
flexibility that leasing offers.
14
The first disadvantage of leasing a vehicle is
the prohibition of customizing the vehicle.
15
This being said, if you decide you want to
upgrade your stereo in the car that you are
leasing then you would be violating the terms of
the lease.
16
The next disadvantage is the early termination
fees associated with needing to cancel a lease
early.
17
The fees are also then due right up front.
18
This could mean that you might have to spend the
same amount of money to cancel the lease that you
are expected to pay just to finish the lease.
19
The third disadvantage of leasing a car is the
limited amount of miles that drivers can put on
the vehicle annually.
20
If you are someone who likes to take road trips
then leasing a vehicle may not be for you.