what should you go for - "leasing a car or buying a car"?
TRANSCRIPT
Welcome To
Ascot Motor Cars
What should you Go for - "Leasing a Car or Buying a Car"?
There is one question will ask them about car, “Am I going to
buy it or lease it”? Car lease and purchase are both methods
about smart finances. When it comes to car leasing, you are
paying to drive the latest car model for a certain amount of time.
Mostly, you are given for about two, three and up to five years
depending on the car leasing company. While on the other hand,
buying a car entitles you to actually own the car.
Buying Vs Leasing a Car
Know the Pros and Cons of Car Leasing
Pros of Car Leasing
Leasing a car is advantageous that allows you the opportunity to drive
brand new cars or whatever vehicle you prefer. You no longer have to deal
with long term vehicle needs which include maintenance, engine
overhauls, tires, oil change, an liability insurances.
You also don’t have to be stressed out when you want to sell it. Therefore,
car leasing is perfect for those people who don’t want to be involved with
long term finances. Another advantage of car lease is that, upfront and
monthly fees are minimal.
Know the Pros and Cons of Car Leasing
Cons of Car Leasing
Off course, when leasing a car you don’t actually own it at the
end of the leasing contract you need to bring it back to the car
leasing company. Make sure you deliver it on time to avoid any
penalties.
Also your mileage is limited, generally for about 10,000-15,000
miles and some car leasing contracts are pretty much confusing.
Know the Pros and Cons of Car Buying
Pros of Car Buying
Buying a vehicle allows you to modify your car since you owned
it, buying your own car also makes you feel the pleasure and the
pride of ownership.
No need for excess mileage, you can use is whenever you want
to drive it. You have the option to trade and sell it whenever you
like to purchase or use brand new cars.
Know the Pros and Cons of Car Buying
Cons of Car Buying
Generally, when buying a brand new car, you have to deal with higher
upfront and monthly fees. It also includes higher monthly expenses such
as value added taxes and insurances.
You are also responsible of maintenance cost since the warranty of the
vehicle expires. It is difficult to buy or trade car these days because most
people and companies turn their interest to car leasing instead of buying
because of lower expenses. Moreover, the value of the car will depreciates.
Conclusion and Summary
Lease a car makes it easier to drive brand new car. You are
paying just a portion of the car instead of the entire package.
Indeed, leasing a car looks great in the short run.
However, if you want to maximize the use of your vehicle in the
long run, purchasing is eventually more economical.
Conclusion
Conclusion and Summary
Lease a car may offer you advantageous deals but keep in mind
that you are limited with your time and mileage. On the other
hand buying a car allows you to feel the pride of ownership.
You can use it anytime you want and modify it. However, the
price value of the car depreciates. It is somehow difficult to
trade or sell the car in a profitable way.
Summary
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Website:
www.ascotmotorcars.co.uk
