The popularity of leasing cars rather than purchasing them outright continues to grow and grow, a fact that is more than likely caused by the rather shocking state of the current economy. Should you be considering partaking in this trend, you are likely to be happy to know that doing so actually offers a number of advantages over a purchasing a new car. I will now outline just what those advantages are.
Drive a Better Car for Less
When the average guy walks into a car dealership, his choices are greatly limited by the amount of money that he has in the bank. When you lease a car however, the amount of money that you have available to you can go a hell of a lot further. You are therefore likely to find yourself in the position of being able to finally afford to drive the car of your dreams. Although there are many advantages to leasing a car, this alone is what gets many people excited about the idea.
No Depreciation Worries
As you are likely aware, when you purchase a new car, the level of depreciation when you first drive it off the lot, let alone over the first few years, is no laughing matter. Most estimates suggest that a car can lose between thirty five and seventy percent of it's value during the first few years that it is on the road. When you lease a car however, such depreciation is not your problem. You simply hand the car back at the end of the lease and the dealership is left to worry about the depreciation.
Only Keep the Car While It's New and Reliable
Another problem that is not yours when you lease a car is the excessive levels of maintenance that a car generally requires after the first few years.