Want a Luxury Vehicle? Why Not Lease?
We’ve all done it. Envious stares at the Mercedes-Benz, BMW, or Porsche at the stop light. But you probably imagine, like most of us, that a luxury car is too expensive for our budgets. But wait, there may be hope. Leasing may be the answer if you get the information you need to make an informed decision.
Luxury car leases have become more reasonable in the past few years as luxury car auto makers try to gain market share in the $35,000 and under segment. BMW, Mercedes and Audi have all produced cars that fit this segment, hoping to lure you into a luxury vehicle. Another reason to lease a luxury vehicle is their higher than average resale. Lower rates of depreciation lead to lower monthly lease payments.
The last thing to consider is the increased costs of owning and maintaining a luxury vehicle. Insurance costs rise when you insure luxury vehicles due to their higher repair costs. Insurance may cost up to $500 more per year to insure a luxury car over a non-luxury model. Maintenance and repairs also are more costly in a luxury vehicle. The parts cost more and so does the labor usually, so one must prepare for an increase in those costs. Lastly, most luxury vehicles require premium gasoline, which is around .35 cents more expensive per gallon. That may not seem like much, but it can cost over $400/year if you are not prepared.
Do you need more tips like these in order to lease a luxury vehicle? Visit www.carleasingsecrets.com today and get lease quotes on your next luxury vehicle.
