Taking cars on lease has been making more financial sense to people than buying it these days. If you are to decide to go for Car Lease Deals, then there are several benefits that you should know about it.
- Lower monthly instalments
Leasing a vehicle means there will be lower monthly instalments for you to pay. The amount is far lesser than that the purchase amount. This feature is to allow you to have the chance to drive expensive cars that you will not normally be able to afford. This is the best advantage of driving a leased car.
- Low repair cost and low maintenance
In most of the lease arrangements, your leased car is to be covered by manufacturer’s warranty scheme during the complete leased period. This is why if you take a vehicle on lease, then you will not have to worry about any major repair cost. On the other hand, there is very low maintenance cost in a leased car. In some cases, the manufacturer of the leased car is to provide free maintenance for first few years which will be an added benefit.
- No hassles with the used vehicles
After the leased period, you do not have to worry about the old and used vehicle as you will be returning it to the leasing company. Moreover, you do not have to worry about taking care of different issues of the said old car. Neither you will need to worry about value of the said car at end of the lease period.
- Tax benefits
In case you happen to use a leased car for your business, then you can write off complete lease payment as the tax deduction. Moreover, if the car is not used for business purpose, still then you will have to pay tax on usage portion of lease period. It simply means you will not have to pay taxes on complete price of the said car. It is really likely to save quite amount of taxes for you.
- Drive latest cars
Leasing come with the facility to drive different cars of different brands. Just take a specific car that you like for a short duration and then return the car. Then take another car on lease and keep driving it for as long as you want. This way you get the chance to drive as many cars as you want.
- Less money up-front
As compared to purchasing a brand new car, in case of leasing, you are required to pay less amount of money upfront. In some cases, it does not even require you to pay any kind of down payment. Just paying regular monthly instalment will be more than enough.
Flexibility is a great advantage that you normally get with the lease card. This feature is not to be available in case of purchased car. This is why you must go for Car Lease Deals.