The reasons could be financial, as in you may actually spend less money. Lifestyle, personal preferences and practicality also come into play in the decision making process. When you are in the market for a new car then keep an open mind to leasing. We leased our last car and it was a great option for us.
Here are some of the advantages to leasing a car.
1 - Lower monthly payments
In almost all cases, the monthly payments are less than if you were to buy the car outright. Of course the downsides are that you don’t own the car when the lease is over and there may be over mileage charges.
If you don’t have a long commute and take good care of the car, then you shouldn’t need to pay any overages.
2 - Fewer repair expenses
You’ll still be responsible for the maintenance like oil changes and tune ups, but when you have a leaky gasket or a clutch fails, then these things are almost always covered.
When your car reaches around 100,000 miles, things start to wear down and break. A timing belt is something that can be quite expensive to change and can be avoided since you won’t have that car when it reaches that high mileage.
3 - Try out a car before buying
If you bought, then you would have to try to sell it or just live with it, quirks and all.
4 - Never need to sell a car
Bargain hunters can waste your time with low offers and even if you do manage to sell, the paperwork can be frustrating.
5 - Enjoy some luxury
With a lower down payment and lower monthly payments, you can enjoy a car you otherwise couldn’t afford.