Given the rising pollution and increasing cost of maintaining vehicles, many times leasing a car can be beneficial to both the owners as well as the environment. Perhaps one of the biggest benefits of leasing a vehicle is the fact that the cost of acquiring and maintaining leased vehicles is far lower than buying one.
Generally, a prospective owner needs to pay little or perhaps nothing down to lease a vehicle. Additionally, leasing does not require an upfront sales tax payment either. Even if you take into account the monthly lease payment, the payment in case of a leased car can be lower than owning a new vehicle or changing one every few years.
Opportunity Cost : It might often happen that you aspire to buy a higher priced, better-equipped car but the high price has been the key prohibitive factor deterring you. Leasing gives owners the opportunity to drive costlier and more technologically advanced cars without having to bear the huge cost. Leasing vehicles gives people the opportunity to own cars or trucks that were previously out of their financial range.
Low Upfront Payment : Though overall payment equations are quite confusing, the fact remains that the upfront payment, if you are opting to lease a vehicle, is far less. There is no down payment or tax obligation while leasing a vehicle for a limited period.
Temporary Solution : If you need a vehicle temporarily and are not looking to own it over the long-term it often makes sense to lease a vehicle instead of buying a brand new one. Since you don't need it over the long-term, it does not make sense to invest the kind of money that owning a new car involves.
Easy Disposal : A related point, in the sense that once you finish your need or use of the vehicle, you don't have to worry about ways to dispose of it or sell it. All you need to do is simply return the car at the end of your lease.
Future Valuation : This is another beneficial factor. You don't have to worry about what the future value of the car may or may not be. You can use it for as long as you need and simply return and forget about it.
All in all, it would not be wrong to say that while owning a vehicle might be a good solution for the long-term, your short-term needs may be easily addressed far better by leasing a car.
If you are considering leasing a Ford in the Atlanta area, visit Angela Krause Ford in Alpharetta to get all your questions answered. Browse our new Ford inventory now or to our secure online credit application to get pre-qualified for a lease!