Is car leasing the right option for me? (SOLVED)

Looking for a new car can be very exciting but also highly frustrating. In the current economic climate everyone is looking to cut back on t...

Looking for a new car can be very exciting but also highly frustrating. In the current economic climate everyone is looking to cut back on their spending and thus looking for cheaper ways to own a car. One way that has grown in popularity over the years is car leasing. Many people are turning to this option as they find it more cost effective, but is car leasing for everyone?


Traditionally the option that most people favored was buying. This is also a good option and may be more suited to some people than others. If you can afford to buy a car outright then you are in a strong position, but some people may not be able to do that. This means they have to go to other methods such as finance options or loans. This can be a very risky option and with some deals you may pay a large amount of interest. If you do go down the buying route and decide to get a finance deal, make sure you shop around. The main benefit to buying is that you own the car and can make any additions to it that you want.

Buying also has its negatives with the main one been you have to pay for the cars maintenance. This means you will have servicing and MOT costs, as well as unexpected costs for any repairs that may need to be done. Also monthly repayments for finance and loans can be very costly. A new cars value can significantly decease making it an investment that you may not get a lot back from.

New car leasing was first popular with businesses, but now it appeals to everyone with many new car lease deals available for personal use. Car leasing won’t be the perfect option for everyone and a lot of it comes down to personal requirements. One benefit is that car leasing can be very affordable. Paying the same recurring payment allows people to incorporate it into their monthly budget. Also it comes with low down payments and there are plenty of cars with low running costs to choose from, including Ford leasing click here.

Also all the maintenance costs such as servicing and MOT’s are paid for. The main bonus is that you get to drive around in a brand new car and also with many prestigious car options available, you may be able to drive a car that you might not have been able to afford to buy. The downside is that you often have a mileage cap, but this can be negotiated and also you won’t own the car.

It would be recommended to really do your research and make sure that leasing matches your exact requirements. If you decide to lease make sure you shop around and go to well established companies such as Lease Cars. Read lots of reviews online and also use the good old fashioned way of word of mouth. This way you are more likely to get a reliable and professional service.

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Today's Latest news, Know What's happening in India- with Timesnowindia.com: Is car leasing the right option for me? (SOLVED)
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