Affordable Car Lease – Is a Lease Right for Me?

There are still some consumers who remain unsure when it comes to car leasing, yes, even an affordable car lease. But the thing really is that you can gain lots of advantages with car leasing compare to buying a car especially when you only need the vehicle for some period of time. If you are planning to own a car for life, buying one for you is the best option. So with that, it entirely depends on your current situation. And with an affordable car lease, you can have the chance to negotiate for a most reasonable price as well as other car services privileges such as free-cleaning and check-up.

Car Buying Tips From Taking The House Edge

Yet again, some of those who are not much favor to car leasing said that leasing can lead to poor money management. One of the biggest arguments against leasing is that you don’t own the car at the end of the lease and therefore have no trade in when it’s time for a new car. However when you do the math on an affordable car lease that has been properly negotiated and is fair to the consumer and you compare it to the money spent over the life of a typical car loan, the overall savings with the lease can be significant enough to justify it.

On the other hand, why lease when you can buy it? If your end goal is to drive the car for a more extended period of time, maybe even for the life of the car then a lease is probably not for you. But if you are someone that figures you’ll always be upgrading your vehicle and always have a payment which is what a lot of people do then an affordable car lease makes sense.

Finally, other consumers said that the one good thing with buying a car is that you can have something to trade in. However a car is an asset that depreciates in value very quickly. If you buy a car and make payments until your loan is paid off, yes you own the car but the value has also dropped significantly. Let’s say the total amount you spent over the life of a car loan including interest was $30,000 and that the trade in value after a 5 year loan is only $15,000 so you could say you have a loss of $15,000. With an affordable car lease, it’s likely that you would be on to your 2nd or 3rd new vehicle with about the same amount of loss overall or less.

Want the insider’s edge on your next car purchase? Get inside the dealer’s playbook of persuasion with these car buying tips from Taking The House Edge.