Photo from unsplashOriginally Posted On: How To Get The Car Of Your Dreams (Or, At The Very Least, The Car Of Your Budget) – Budget Savvy Diva
Every man has a part of him that fantasises about cruising around in his favourite car. Whether it’s something you freely show the world or something you keep to yourself to fantasise about, everyone has had the daydream of putting their foot down and letting the engine roar while driving alone. Whether you like exotics, muscle cars, or even good old ecologically friendly hybrids, there is a possibility to get your hands on the car of your dreams (of course, within your budget too). We’d all like to race around in an Aventador, but that’s only a pipe dream for people with a six-figure income. Continue reading to learn how you can get your hands on a car that will turn heads!
That is the question on everyone’s mind. Do you lease a car or finance it with the intention of owning it at the conclusion of the contract?
Leasing permits you to drive around for a specific period of time agreed upon by you and the dealership in exchange for a monthly payment. This is normally for a two or four-year period. You’re essentially renting the car from the firm, so your fun will have an expiration date. However, it is significantly less expensive than a financing option, and it also allows you to lease yet another badass car to cruise about in, whether you choose a Volkswagen or a BMW.
The beautiful thing about leasing a car is that you don’t always have to find a deposit to put down on the vehicle. Whereas with finance, you usually have to come up with a sizable down payment before the dealership will even sit down and talk to you about financing the car.
Due to the fact that you don’t own the car once you’ve signed the lease, the manufacturer’s warranty will cover any maintenance charges. Even if something goes wrong with the car, you won’t be saddled with huge repair bills because this covers everything from the tyres to the exhaust.
However with financing the situation may differ. Some garages may offer this option while you’re paying off your car. However once the car has been paid for, you have to think about servicing and repairs, and if you have chosen a particularly exotic car like a Morgan you may struggle to get spare parts at an affordable price. If you do choose financing, think ahead to this kind of situation.
One of the benefits of being able to choose a new car to lease once your current lease expires is that you could test out different cars on a regular basis, as well as take full use of cars with higher fuel economy, different sorts of vehicles, and even avoid depreciation on cars that you own.
As you can see, there are numerous benefits to leasing rather than financing. While financing a car has its advantages, for people who do not have the funds to purchase a car altogether, leasing is a much cheaper and more useful choice to explore for your car purchasing needs.
