Whether or Not to Lease a Vehicle

If you are like many Americans, you may have flirted with the idea to lease your next vehicle. Especially when you see the advertisements on television and radio about the low monthly payments you would have to lease a brand new 2014 vehicle. There are definitely pros and cons to leasing and we have taken the time to summarize them for you below.

Pros of Leasing
The most attractive component of leasing is lower lease payments than purchasing the vehicle outright. That is because you are paying only for the depreciation value of the vehicle, and not the entire price. Also you don’t have to worry about reselling or haggling over trade value at the end of the lease. Lastly, most maintenance and repairs are covered in the lease contract, so that cost will be a lower.

Cons of Leasing
You will never have relief from a car payment, unless you purchase after the end of your lease, which isn’t always a bad idea. Another consideration is the mileage restrictions, which are normally between 12,000 – 15,000 miles per year. Lastly, there will probably be an early termination fee if you decide the lease is not for you.

Whether you decide to lease or buy, you can find the lowest lease or purchase quotes at www.carleasingsecrets.com. Find your next vehicle today!