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Why
Car Leasing from Time4Leasing?
Personal & Contract Hire
Short & Long Term Agreements
Leasing a car makes
sense for some people.
However, it's tricky to understand. The terms can be confusing.
This article explains how leasing works.
Time
for a new car? Will you lease
or buy?
Most people understand how buying a car works. Leasing, however,
is a bit more complicated.
Leasing, rather than owning a car, makes sense for some
people. For example, college graduates
who need a new car before starting their first job might not have
enough cash to make a down payment to purchase a car.
Also, some drivers need or want a new car every few years. For
these drivers, leasing also is the best option.
Drive a fancier car
Or, if you want to drive a fancier car than you could afford to
buy, leasing is the way to go.
Just keep in mind that if lease and never buy, you basically
always have a car payment. On the flip side, of course, you also
are always driving a car that is under warranty, which cuts down
on your car repair costs.
But all consumers must understand how leasing works.
First think of it this way. When you lease a car, you essentially
are paying for a portion of the car — the difference between what
it’s worth when you lease it new, which is called the capitalized
or “cap” cost, and it’s estimated value at the end of the lease
agreement, which is called the residual value.
Best Car
Leases
Less cash up front
Leasing requires less cash up front than buying a car. Typically,
all it takes to drive a leased car off the lot is one month’s
lease payment and one month’s security deposit. Also, keep in mind
you still have to carry auto insurance on a leased vehicle.
If you can afford to make a larger down payment — called
capitalized reduction in lease agreements — than this then you
might want to think about buying a car.
Pick the right mileage
that's right for you
Another thing to keep in mind: mileage limits. Your lease will
specify how many miles you can put on the car without penalty.
Usually the limit is 15,000 a year — or 30,000 for a two-year
lease. You can choose a lower limit — say 12,000 — and lower
your monthly payment. But be careful. Going over your mileage
limit can cost you a bundle. Try and estimate
the average miles you will be doing per year.
more car leasing
related questions
More about Car Leasing
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2,
3,
4,
5,
6,
7,
8,
9,
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See also:
Town Cars
Popular
CarsFamily
CarsMPV/4X4Sport CarsExecutive Cars
Fuel Types:
Diesel
Unleaded
Time4Leasing
Solutions look
at a unique approach
to delivering affinity
purchasing schemes to
companies, individuals,
clubs and associations,
built on simplicity and
flexibility.
Time4Leasing Solutions create
and support purchasing
schemes most relevant to
your employees or
membership.
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