How Good Is Car Lease?

Do not be disheartened, if you cannot afford to purchase a new car. Even if you are not in a position to take car loans, there is still hope. Car lease is the hope!

Forget new car loan rates, down payments, hefty monthly payments, car loan calculator. Get the car you want without buying it. Leasing is a good way to have something, yet not own it truly, and still save money.

Before you say "yes" to car lease, read this.

Important

Always remember - leasing DOES NOT mean you own the car. It is like taking it on rent. It is not yours, I repeat. You can only drive it as long as the lease continues. Once the lease gets over, you have to say goodbye to the car.

Get all the facts and figures in place before going for this option. Not all may like the idea of car lease. However, when that feeling of desire to drive a car starts to dominate you, you are guided more by your aspiration than by your preference. However, take care of getting the full worth of your money.

Car lease makes you a trader! Well, with time, you will realize you have become someone who trades cars every year or even several months. If you get bored of driving one car, you can go for another leased one. You will spend far less money than you would in buying a car.

Restrictions

Car lease does not come with car alone. It comes with some restrictions too. While driving your leased car, DO NOT make the mistake of keeping these restrictions on the backseat.

• Be VERY careful with your leased car. You should not damage it in any way.
• Safety should be your first priority.
• Take care not to have dents, stains, or scratches on the car, either inside or outside. You MUST keep it as good as new. Once again, I say - THE CAR IS NOT YOURS.
• In case you have an accident with the leased car, you will have to pay the cost for repairing it.
• You can drive a leased car ONLY for limited miles. So, forget long drives everyday! Those who need to commute to long distances daily, think again.

Think, not twice or thrice, but many times before going for car lease. Although it may sound attractive, you may not like some things. After all, the feel of being the owner of your car is no match for any kind of lease in the world!