The benefits of car leasing
Car leasing actually means lending a motor vehicle for a limited period of time with the help of a contract that may last for 2,3 or 4 years. It is almost similar to renting a house. Car leasing is favored by not many people as they prefer to buy a car on loan or exchange the existing old one. It is not the first preference for many people maybe because of the unawareness of its benefits. Buying a brand new car at the time of low budget is not a good idea. In such situation renting a car is a solution to the problem. The advantages can be listed as follows:
Better investment:
Car leasing can save you lots of money. Once you lease a car, you will have to only pay the monthly rentals along with a small amount deposit at the start. The monthly rentals may be not as much as one may monthly pay for a car loan. If you are looking for a car to last only for few months, it’s better to go for car leasing (leasing af bil is the Danish term) instead of buying a new one.
Maintenance cost:
Once you lease a car, you can forget about the cost on maintenance and repair. Since you do not own the car while leasing, you are not responsible for its repair too. It is the owner or the dealer’s responsibility to provide you with a well maintained vehicle. It thus controls our unwanted expenses on the repair of the wear and tear of our vehicle.
Gap insurance:
Guaranteed Asset Protection or Gap is the insurance or the assistance provide for the people who opt for cars leasing (or as the Danish people say leasing biler). It claims the replacement of a damaged or a stolen leased vehicle by the leaser over the period of your lease. It would have been a great loss if the stolen or damaged vehicle had been owned by you.
Own a branded vehicle:
If you aspire to purchase a car, then you will have to take care of many things like the budget, the comfort, mileage etc. These limitations may result in purchase of less expensive car but, in the case of car leasing, one can get a luxurious car or a classy car at an affordable price.
Drive a new car every year:
Above all, the best part of car leasing is that you can change your branded cars in every 2-3 months. In case you purchase a car, it may get out dated within 3 years because of the release of much advanced and superior cars every year. By considering the difficulty in buying an alternate car, one may remain satisfied with the same old one. Car leasing provides variety of options especially for those who like to change the car in every few months
Car leasing is definitely gaining interest these days as nobody would deny the opportunity to drive their dream car at low rentals. You can make a great impact in the society by driving a brand new car every year.
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