Buying a vehicle is a considerable investment decision for most of us. It is not simply the down payment and the monthly loan repayments that are the issue. We also have to consider the ongoing costs of insurance, road tax, fuel, maintenance and repairs.
In many cases, leasing a vehicle may be the way to go both financially and practically. Here are the most common reasons that a car lease may be the better option for you.
A new car every few years
Most car leases are valid for between 3 to 5 years (but can vary widely and may be negotiated). The obvious draw of driving a new car every few years is the ‘keeping up with the Joneses’ factor. However, even more important is that every new model comes with improved safety features, better ride comfort, more space and the latest technology.
The monthly repayments for a car purchase are usually significantly higher than for a car lease or the very same make and model. For the sake of comparison, consider the car rental lviv rates. They are much more practical than loan repayments for a car purchase.
Another point to note is that leases do …