Pros and Cons of Livery Leasing

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Pros and Cons of Livery Leasing

• TLC Auto Leasing

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Buying a Car Buying a car is a simple and
straightforward process. You can borrow money
from a bank or a financing institution and then
make monthly payments until the loan is paid off.
As the payments are made, your equity in the
vehicle gradually increases and eventually it is
yours when all payments are done. In this
scenario you can keep the vehicle for as long as
you like and you can do whatever you want to it
like adding accessories, upgrades, and getting a
new paint job. The only downside is that all
these modifications may lower the resale value of
your car. Since you are basically paying back the
entire cost of the vehicle (including trade in
and down payment) a loans monthly payments are
higher than when leasing a car. Also when you
want to get a new car you will have to find a
buyer or trader for the old one.
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Livery Leasing On paper, leasing can be much more
appealing than buying. The monthly lease payments
are also much lower than loan payments. After
using the car for the trouble free two to three
years of its enjoyable life, you can take it back
to the dealership and lease a new one or just
simply walk away.
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Advantages to livery leasing include When you
are leasing a vehicle usually there is no down
payment required and if there is it is a low
payment. With livery leasing you can drive a
more expensive and better equipped car than you
would otherwise be able to buy. Leasing a car
also allows you to drive the latest model that is
still covered by the manufacturers warranty.
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Disadvantages of Livery Leasing Even though
leasing a car seems like a good option, it comes
with its set of disadvantages Livery leasing
can eventually cost you more than a loan of
equivalent an amount, due to the higher rate of
financing charges. Once you develop a leasing
habit, the monthly payments can go on forever.
While the longer you keep the car after a loan is
paid off, the more value you can get out of it.
When you lease a vehicle you have a limited
number of miles in the leasing contract, usually
between 10,000 to 15,000 miles a year. If you
exceed this limit an additional amount of money
has to be paid to the dealer ship for every extra
mile. While if you drive less there are no
rewards. You are not allowed to modify,
customize or alter your vehicle in any way.
Getting out of the lease before it ends can
result in early termination fees and penalties
which can cost a lot of money.
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This Presentation was Created on The behalf TLC
Auto Leasing
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TLC Auto Leasing giving you facility to drive
your own best car. Contact us for detailed
info. Website http//www.tlcautoleasing.com/ Our
Locations Call Us 347-727-2600 Jerome Ave.
Bronx, NY 10453   Call Us 845-501-8300 73 North
Route 9W Congers, NY 10920 Call Us
347-727-2600 1045336 Cottage Street Portchester,
NY 10573