Luxury car leasing is an option for many - both for big time and small time companies. Companies today are constantly searching for new ways of limiting their expenses. It is a necessary adjustment to increased competition in most markets. Most of them are also on the hunt for new ways to reduce their tax payments as well as eliminating assets not associated with the core of their business. Such adjustments are always made and sometimes this helps other businesses flourish while others end up with serious challenges to cope with. Things like the above mentioned are the main reasons why leasing exists.
Luxury cars are costly. If you expect that the average salary of a recent engineering graduate can go from $40,000 to $50,000 per year, then you can understand the real dimension of the value of a luxury automobile. Yet, the fact that it is so expensive shouldn't be a reason why you can't purchase one. Actually, through car leasing you can drive around a brand new car even without the dreaded huge monthly payments.
In a luxury vehicle leasing you won't have to pay for the total value of the car. The monthly payments can be as low as half of what you pay on a typical loan since you are only paying for a pre-determined value of the vehicle. As soon as the lease is finished you can chose between paying the difference (the part of it's price that hasn't depreciated), or let the leasing company keep it.
It's like renting, only you get the first option to purchase the vehicle. One of the greatest advantage of car leasing is that you have the option to invest your unused money (or half of the money you saved because you opt to lease a car instead of buying it) and make it work for you for lets say 3 years (2 to 3 years is the normal lease term).
Always Read the Fine Print
It is advised that you always read the fine print when you enter into a contract. Sit down and read the entire car leasing contract very carefully and if there are parts that you're confused about don't hesitate to ask questions. Make things clear upfront. Here is an example; in the car leasing industry every leased vehicle comes with its' own insurance. Just so that you know, many leasing companies make their main profit from the insurance.
4 comments:
With the credit crisis at full tilt and new car leasing programs on the endangered species list, consumers are uncertain how they will finance their next auto purchase – and a substantial number may opt out of the new car market, buy a less expensive new car or a used vehicle, or postpone their purchase entirely. If you are a company in the auto finance or dealer industries, this is a key post for you.
Thanks for the post. I really love looking at pictures of luxury cars because I collect cars. I will also share this with my friends. Thanks for sharing this information. Nice blog too!
car leasing.co.uk
Very interesting and informative post.This can make people weigh the positive and negative aspects of purchasing over leasing.
Now certainly seems like a good time to get into the Car Leasing scene. With prices going up for just about everything, it makes sense not to have a vehicle that you need to worry about. I am a fan of the Vauxhall Insignia and there are great deals currently on right now.
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