Thursday, October 22, 2009

Benefits Of Leasing A Car Vs Purchasing It

By Robert Mcgill

Whenever you need to buy a car, you have to consider whether to buy it or get one on lease. You have to decide keeping in view various points and after knowing what is beneficial for you.

You need to choose the best option. Leasing and buying are both good but you should know what suits you. Each of these has its own benefits. You have to understand all these points in favor of each and then make a decision.

You can make a decision based upon the period for which you require a vehicle. If you need for a short term, you should not purchase it rather lease it and pay small monthly amounts for the period.

You can always get the car by paying easy monthly sums. Once the lease period ends, you can either return the car. In case you need it for more time, you can ask for an extension and keep paying monthly sums again to keep the car.

You should also know about a fact that vehicle depreciation can reduce the value of your car. It loses its value, a certain percentage, every month. If you have thought of selling it after a few years, the value at that time will be lesser and it will have depreciated.

If you do not own the vehicle, you do not have to worry about its depreciating value. You can lease it for a small period of time for which the vehicle depreciation is low and does not matter a lot.

Leasing has many advantages over purchasing. You need to compare deals offered by various companies and go for the best deal offered to you. There are many websites where you can find all the information and you are able to compare between various deals available. - 29904

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