When it comes to getting a car there are many factors and choices to consider. Make, model, year of a car, even color and features are generally the first questions you ask yourself. But a huge choice that needs to be made is whether it is better for you to buy or lease a car.
There are times where leasing a car just makes sense for some people. Here are some factors to consider when you are making the decision on whether you want to lease a vehicle. If you find that these factors apply to you, than you may want to lease your vehicle.
- You like cars that you just can't really afford. Many of us like cars that are priced above our means, with a lease you are able to enjoy that luxury.
- You are willing to trade owning a car for low, monthly payments. If ownership is not a concern for you than taking advantage of low down payments and low monthly payments are benefits of leasing.
- You like driving a car that is always under warranty. Even under a lease you are required to maintain your vehicle, but since a lease usually runs 2-3 years chances are the car you drive will always be under warranty.
- You don't want to miss that new car smell. With leases that typically run 24-36 months you are sure to be driving a new vehicle often, and there for retain that new car smell.
- You typically drive less than 12,000 miles per year. Keeping a low mileage car is a good idea. If you are not one to drive more than 12,000-15,000 miles a year, you may be interested in a luxury lease.
- Your employer pays for car expenses. You may be able get tax deductions which may include your monthly payments, if your car is used for business. Also, you may be able to take advantage of your company car allowance if they offer one.
Sometimes, however, it is best for you to buy your car. When it comes to owning a car, you generally are ready for a commitment. If these factors fit into your perspective on cars, you may want to buy your next vehicle.
- You prefer to watch the payments dwindling. Keep in mind that as long as you are leasing, there is a payment. It only ends when the car is returned.
- You always drive over 15,000 miles per year. Leasing usually caps mileage at about 15,000 miles per year. And if additional mileage can cost roughly 35 cents per mile.
- You like customizing your car. While adding your own personal touches is nice, these investments are lost on a lease. And some alterations may not be permitted.
- You tend to get attached to your car. If you tend to get attached to what you are driving then having to return a car over and over again would just be senseless.
- You like to work on and repair your own car. If you love to tinker with a car, and you are fairly good at performing your own repairs, than it may not matter if the car is not under warranty.
If you are interested in owning or leasing a new or used vehicle, we here at Caskinette Ford can help you. If you are within the Carthage, Watertown, and surrounding areas, stop by our dealership and one of our team members will help you decide if a lease option, or buy option is right for you. At Caskinette Ford we believe in offering the highest in customer service, the best in prices, and a great selection of vehicles.