| Many people wonder if car leasing is right for them. | | | | simply turn the car back in and shop around for a new |
| Before you make a decision about leasing or buying | | | | car to lease! That is the beauty of car leasing! |
| cars, you should know something about leasing cars | | | | Advantages of Leasing Cars |
| and how the process works. | | | | Leasing cars for my business offered me the tax |
| Leasing cars means that you are going to pay the | | | | advantage of not paying the hundreds of dollars in |
| amount the cars depreciate during the time you are in | | | | taxes a purchase would require. What's more, I can |
| control of them. When you are leasing cars, you do | | | | deduct a portion of the lease installments as a |
| not own them, and when you turn them back in, you | | | | business expense. Plus, The monthly payments are |
| will have, in theory, paid for the value that you used. | | | | 30-50% less than a loan for the same fleet. |
| The difference between the value of the vehicles | | | | Most lease agreements coincide with the |
| when they were new and the value at the end of the | | | | manufacturer warranty so I don't have to worry about |
| car-leasing contract is called depreciation, and | | | | costly mechanical repairs because nearly everything is |
| depreciation determines how much leasing cars will | | | | covered. Another advantage of leasing cards is that I |
| cost you. | | | | can return a vehicle after using it for a few years and |
| What is unique about leasing cars is that different cars | | | | pick up a newer model. I won't lose equity in the |
| have different rates of depreciation, which means they | | | | vehicle and I'll never owe more than it's worth thanks |
| are have different leasing costs. American cars, for | | | | to the included gap insurance. |
| instance, tend to have a higher rate of depreciation | | | | Disadvantages of Leasing Cars |
| than cars of European and Japanese makes. This | | | | The main disadvantage of leasing cars for my |
| means that if you are going to lease a car, you might | | | | business is the mileage limit. If I exceed the allowed |
| want to look for a foreign-made model if you want to | | | | mileage during my lease period I'll be penalized up to |
| save some money. | | | | $.39 per mile. I will also be charged for any damage or |
| If you are considering leasing cars, whether it is for | | | | changes made to the leased vehicles. |
| your business or for your personal use, you will | | | | Before making any final decision, you should do what I |
| generally be able to drive a much newer car for a | | | | did, weigh the cost of a loan and the long-term benefit |
| much lower monthly cost. This is a great option if | | | | of asset ownership against the cost of lease |
| owning the vehicle at the end of the process is not | | | | payments and tax and maintenance savings. Only then |
| important for you. Leasing cars is a great option as | | | | will you know whether it's better to buy or to start |
| well for those people who want to have newer, more | | | | leasing cars for your business. |
| reliable vehicles at all times. When the lease is up, you | | | | |