Ever Think About Leasing a Car

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Ever Think About Leasing a Car
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Every time I see a new car on the road I wonder
what it would be like to own it or how it would
be to drive it around.
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But I remember that Im still financing the car
that Im currently driving, and have another year
left until the vehicle is paid off.
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I have always thought about what it would be like
leasing a car, and I wonder what the benefits are
of leasing a vehicle.
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I decided to do some research about the different
options of leasing a vehicle.
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I put together a little information about the
pros and cons of leasing a vehicle.
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Leasing a Car, Advantages
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There are financial benefits to leasing versus
buying a vehicle.
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The first is that there is often no down payment,
or a very low one making it easier for people to
afford to lease the vehicle of their dreams.
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The next benefit is that drivers that are leasing
a car have a wider selection of choices when they
are selecting a vehicle due to the flexibility
that leasing offers.
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Another benefit that drivers can enjoy when
leasing a car is that they can drive the newest
vehicle model of their choice depending on the
length of the lease.
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The vehicle is usually covered within the
manufacturers warranty in case something happens
since it is a new car.
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Leasing a Car, Disadvantages
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The first disadvantage is the early termination
fees associated with needing to cancel a lease
early.
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The fees are also then due right up front.
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This could mean that you might have to spend the
same amount of money to cancel the lease that you
are expected to pay just to finish the lease.
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The next disadvantage of leasing a vehicle is the
customization of the vehicle you are not allowed
to do any customizing to the leased vehicle.
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For example, if you decide you want to upgrade
the stereo in the leased car, you would be
violating the terms of the lease.
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The third disadvantage of leasing a car is the
limited amount of miles that drivers can put on
the vehicle within a year.
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If you like to take road trips or have a far
commute then leasing a vehicle may not be for you.