4 Reasons People Choose Leasing Over Buying Their Cars
Car leasing has a bad reputation among many people. Most of us have been trained to buy things, especially when it comes to big purchases such as homes and cars. For many of us, big purchases are investments made to last a long time. We buy homes to have a home base and hope our property appreciates in value. Although when buying cars we don’t expect the value to rise, we still buy cars to get from point A to point B.
So basically car ownership doesn’t work the way that home purchases do, so why buy them? For many, smart and thoughtful people, the priority has shifted more towards leasing rather than buying cars. Their reasons are financial, personal, and even social. Continue reading to see if you might be one of those people.
1. Choice and Flexibility
We live in the age of choice and flexibility. Leasing a vehicle isn’t a long-term commitment. Different people have different reasons for not committing to something long-term. A car constantly depreciates in value and needs increasing maintenance costs over time. For those seeking flexibility, means having freedom from maintenance costs and the ability to trade in a car for a different one once the lease term ends. For those who value flexibility, car leasing can be a perfect choice.
2. Maintenance
Leasing a car means you save money and time on maintenance. New cars don’t require as much upkeep as aging ones do. So basically with a leased car, you can simply use it for things you need and not waste your time and money in repair shops. For those who value their time, a car lease can help buy back some of your time and mental energy. This will enable you to have more time for hobbies and spending time with people you care about. Leasing a car ensures that the car will serve you and not the other way around.
3. Lower Monthly Payments
If you’re one of the few people who buy their cars for cash, congratulations! You are much more of an adult and liquid that most of us. For the rest of us, if you’re not going to be putting a large number of miles on your car, you can have much smaller payments for your car if you choose to lease rather than buy.
If you’re wondering what does a large amount of miles mean exactly. Usually, lease agreements allow you to drive no more than 12,000 miles a year before they start charging you for the extra miles driven. So if you’re trying to drive a specific car but want to do it with smaller monthly payments, than leasing can be a great option for you.
4. Smarter Living, Smarter Leasing
For many conservative, smart people who are careful about their decisions, car leasing is the way to go. In today’s world, with busy families, demanding careers, not enough time to spend on friends and hobbies, taking back your time is very important. A car lease allows you to do just that, it relieves you of having to worry maintenance, gives you more flexibility, and saves you money. Car leasing won’t work for everyone and it’s up to you to figure out if it’s the right choice for your lifestyle. So, evaluate which factors matter most to you and use that to make your decision.