Also, leasing allows you to get a new car every so often. If you signed
a lease for 36 months, then after the three years you have no
obligations and you can get something completely new.
Another of the advantages to car leasing is the benefit of no payment
or low down payment at the time of the lease. You can go into a dealer
and drive out with a brand new car for little or nothing down. You also
have the option of putting more money down, or trading your vehicle in,
which will decrease the monthly payments.
Another great advantage is that the taxes are lower. When purchasing a
new car you need to pay the full amount of taxes for that particular
state. On the other hand, when leasing a car the tax is usually included
in the monthly payments so you do not feel the big chunk of change
being taken out at once. You are also not taxed on the whole amount of the
car, just the amount you are leasing the car for.
The last of our car leasing tips: when your lease ends you do not have
to worry about selling the car and having negative equity. You simply
turn the car in with no further obligations. If you want a brand new
car with less monthly payments, no obligation at the end of the term, and
lower taxes, then you will find definite advantages to car leasing.