Car Leasing Guide: Lease Or Hire
If you don't know the advantages of leasing or hiring over buying yet, this car leasing guide lists them down right here. Remember to weigh the advantages and disadvantages before getting into it, though. It's a matter of preference when signing any leasing contracts. They can last you from anywhere between 3 and 5 years which is why a lot of thought has to be put into it.
Advantages:
- Lower Cost
- Conservation of capital
- Less or even no maintenance
- No disposal costs and therefore no problems
Disadvantages:
- Mileage limits which means you have to estimate annual usage
- Comprehensive insurance is required
- Not much of a choice when it comes down to car specifications
- Replacement vehicle plans must be made promptly
Advice:
- Look out for the bargains; you won't regret it
- Avoid adding extras when it comes to accessories