Often you may be trying to decide between buying and leasing a new car. With leasing, a lot of hassles are sure to be avoided. For instance, you can drive a new car in a couple of years without having to go through the cumbersome process of selling the car. All you need to do is hand over the keys to the dealer and go for a new lease.
Here are the top five benefits of leasing a new car!
1. Enjoy a lower monthly payment- This is because you actually pay for a depreciation of the car during the years that you hold it and not the whole vehicle cost. This lets you have access to more cash every month than you’d have had if you had financed the purchase of the car with a loan.
2. Ensure a better cash balance- As most leases require a low downpayment and with some you may even negotiate a waiving off of the downpayment, impact on the budget is minimised and you can get a great deal within your budget. What more, you also pay less for the sales tax on a lease and the tax is calculated in most states only on the monthly payments, not the total cost of the car.
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