Choosing Between Car Leasing and Purchasing

Choosing between leasing and purchasing a car is a decision that most people will need to make at one time or another, and both options have their own set of benefits. Car leasing available at Lease Cars Direct is usually the more affordable way to commute on a daily basis, and the approach offers a number of outstanding features that are not found with a new vehicle purchase. Here are some of the reasons why a person may want to consider leasing instead of purchase.

Lower Payments
When a person leases a car through the manufacturer’s dealers, like Audi leasing available at Lease Cars Direct, the payments are generally much lower than what a payment for a new car would be. Realistically speaking, the savings can be up to 60%, and the lease payments are usually at least 30% less than a new car payment. In addition, vehicle owners who are interested in having a new car every few years may want to consider the benefits that are associated with leasing.

Reducing Maintenance Tasks and Expenses
Leasing a car rather than purchasing is also an outstanding way to eliminate the expense and headaches that are associated with regular repairs and maintenance. Because the vehicle is owned by the company that leases the car, consumers are not responsible for the expenses that are associated with keeping a vehicle in optimal condition. In most car leases, the length of a warranty is coordinated with the lease’s terms, and consumers can make sure that any problems are the sole responsibility of the manufacturer.

Reduced Down Payments
In most standard lease agreements, a person never needs to put down cash up front. This feature makes car leasing an affordable alternative, and cash can be used for other purposes or put aside for the future. While some leases do require a trade in or down payment, the options that are available depend on the particular vehicle and the dealership or manufacturer’s terms. On the other hand, putting cash down as part of a lease helps to reduce monthly payments.

No Need to Sell
Because leased cars are still owned by the dealer or manufacturer, an owner will never need to be concerned about selling the car when it gets old. Simply drive the vehicle back to the dealer at the lease’s end and pick up a new model.

Gap Coverage
Most lease plans require gap insurance coverage that offers protection in the event that a car is damaged or stolen before the lease expires. This protection may not be included in a standard car purchase, and owners may find themselves with a huge bill with a new car because there is no gap coverage in their insurance policy.