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The following article was published in our article directory on January 21, 2012.
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Article Category: Finances
Author Name: chickie maxwell
Car lease is a very popular option of getting into a car and driving around. In the US alone, one in every four cars passing you by is leased. It's practicality has now also reached the attention of drivers from other parts of the world, yet there are still many who opt to take car loans or a Personal Contract Purchase (PCP) agreement just to acquire any vehicle of their choice.
Folks these days are still reluctant about the car lease thing primarily because they still have no idea of its benefits. Some others still are well, confused!
Educated Drivers Will Always Get a Good, and Better Deal
When thinking about financial decisions, it would be very smart to come out prepared for anything; while we invest a good amount of time assessing things when buying a house or a nice pension product, drivers are out there busy deciding what model and make to take out to the road instead of the more relevant car finance issues. Indeed the model and the make will always be an important part of it all, but not before acknowledging all the costs involved and the significant impact of car finance as you finally get behind the wheels of your new car. This strongly suggests that gathering good info and knowledge first on the things that go around (especially the costs associated with car ownership and car leasing) will surely give you more and better options to maneuver.
This brings you to car leasing and its advantages many have yet to understand and appreciate. Take a look at some of the goodies.
The monthly repayments will certainly play along the average - which is anywhere between 35% to 55% less than car loan repayments. Another thing worth noting is the small deposits needed (usually revolving around 3 monthly payments).
Among the greatest attraction in a car leasing scenario is the thought that you can legally get away with driving something that is just out regular range price (sounds like a very good proposition).
Car manufacturer warranties normally cover lease periods and even maintenance costs in some cases. Road tax is usually included in the term of the lease.
With car leasing, you need not worry yourself of huge front-up costs and capital outlay.
You can get hold of a fixed price motoring scheme where the costs are just the same throughout the lease period.
You can enjoy driving a brand new car for two to four years and bet the best from the safety, performance advancements and fuel economy features found within newer models.
These are quite a handful. All these will come in handy especially in these tough times. Which again brings us to the next question, what cars are best suited for leasing? Numerous factors can be cited out for determining a good car lease; the supply and demand, the widening economy, the specific car's residual value, etc. You may be glad of the choices presented to you out there, but one smart rule some people have learned all these years is to go for cars that depreciate the lowest. This should get you more time to enjoy the car.
Keywords: car lease
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