Talk to our finance specialists today 1300 257 426

Benefits of getting a car lease

By: Louise Mosqueda0 comments

When bad credit hits, it hits hard. That’s why a lot of people find it hard to get approved for things like new credit cards and car loans. They then have to come up with different ways to get their hands on a new set of wheels.

A popular option is leasing a car. It lessens the financial burden on them, and it can help them rebuild their bad credit with each payment made on time. To help ease your mind on the idea, here are a few benefits that come with a car lease:

Lower monthly payments

Compared to monthly payments when you buy a car, a lease will cost less. This makes it ideal for those who only need a reliable vehicle to get to work and live their life.

The monthly payment is lower because you only need to pay for the car’s current value. This makes budgeting for your car more manageable, and you can put more money aside for other things like your bills, groceries, and savings. To make sure you get the best price for your car lease, remember to shop around.

No 20 per cent down payment

When you make the conscious decision to buy a new car off the lot, a requirement is making a 20 per cent down payment. There is no need for that when it comes to a car lease. More often than not, you can get a budget-friendly upfront payment that will allow you to drive away from the lot faster compared to buying a car.

The best part is that with the lower upfront payment, it is easier for you to come up with the money with little to no saving involved.

Optional upgrade once the lease ends

After you buy a car, it’s yours for life. That means having to deal with all the issues that come with age. When you lease a car, maintenance isn’t as big a problem. Once your lease is up, you are often given an option to either, upgrade your vehicle and use it for the next few years, or buy off your current one from the dealer at a much more affordable price.

It’s a more desirable option, given your choices are to either drive a more modern car, or buy the one you have grown to love for the past few years you’ve been together.

No hassle of needing to sell the car

A lot of car owners who have aged vehicles find it hard to sell them especially if the car has seen a lot of use over the years. That’s because its value has fallen quite considerably, and upgrading to a newer model can take some time as you will first need to get rid of the old car.

If you drive a leased car, you don’t have to trouble yourself about selling it when the time comes. All you have to do is enjoy the ride for the few years you have it, and then give it back to get a better one. No more having to worry about car’s value over time.

But of course, it’s still important to make sure the car is in excellent condition before handing it back to prevent yourself from having to pay any additional fees.

Drive a reliable car

There is nothing better than driving a car for yourself without worrying about monthly payments. All you need to think about is getting to your destination on time, and making sure your car is running well enough to ensure you get there in one piece.

With the promise of a new car every 3 to 5 years, who wouldn’t want a leased car? You can always find a company who can offer you this service with terms you can agree with. Alpha Finance provides this service, and you can get pre-approved for a car lease within minutes through their website.

Related post

Leave A Comment