So you’ve had your eye on that used car, but your budget is
pointing toward your mother’s old Chevy? Leasing might be
the answer to your dilemma.
Or let’s say you only need a used car for a year or two because
after that you’re planning to travel or move overseas, or perhaps
move in with someone who already has used cars. In your case,
leasing might be a better choice. But what exactly does leasing a
car mean?
Leasing means you are essentially “renting” your chosen car for a
duration specified by the leasing contract. This period is negotiable,
but usually it is anywhere from one to three years.
When the contract is up, you must either return the car to the
dealership, or—if you choose to keep it—buy the car outright.
You Can Switch to a Newer Model More Often. Leasing allows
you to have a Find the new or used car you want on used cars
If you like the image that idea projects, or if you simply like the
thought of always driving a new car—for safety, or other
reasons—then leasing might be your best option.
You Never have to Worry About Re-selling it, or Trading it in.
Some people dread the thought of having to get rid of a car once
it’s over the hill. They don’t want the hassle of preparing the car for
resale, of advertising and then having to show the car. With a leased
vehicle, these responsibilities lie in the hands of the “lessor”
(leasing company).
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