Cheap Car Leasing: Lease Or Buy?
Are you just about ready to make decisions on whether you should buy a new car or settle for cheap car leasing? This may be a tricky situation you have gotten yourself into. But let's take a look at some of the facts. Cheap car leasing may not be as popular as getting a loan to purchase a car or for financing it. But it is definitely something that a fraction of the market has decided to accept while forgoing ownership of a vehicle and enjoying its short term benefits.
So what is it about cheap car leasing that is so enticing to customers? Well, first of all it is cheap. You can get a brand new car for virtually no down payment (but definitely super low if there is a down payment). And this means just about any car that you have been dreaming of, be it luxury or sport. Not only does this mean you can afford to drive many of the vehicles out in the market; it also means that your cheap car leasing can allow you to drive a new car about every two to three years, depending on the leasing contract that you have with your dealer. Also, this comes to a great advantage if you are the type of person who likes to try out new automobile technologies every two or three years.
The drawback, of course, is that once you start leasing, you never really stop paying until the end of a lease contract. And at the end of the contract, the car that you have leased will not be yours to own. This is the one thing that discourages many car enthusiasts from getting into a cheap car leasing contract to begin with. These days, buying a car is actually quite easy with the low interest finance plans and even some cash-back offers from some dealers.
As you make your decision, you really just have to ask yourself what will help you in the long run. Are you the type who needs a new car every so many years? Or do you just want to make a one time purchase, own a vehicle after a few years of payments and be able to sell it over time? Keep in mind that as interest rates rise, buying a car will mean that you have to pay more when it comes down to monthly payments. Leasing payments, however, will remain as affordable as ever. And your leased car, as long as you keep it in the best condition possible, won't have to end up as a depreciating asset in your garage. At the end of your cheap car leasing contract, all you have to do is turn the car in to your dealer walk away.