It is absolutely true fact that these days people consider vehicle leasing facilities to be very beneficial and effective solution to get a new car for low cost. Indeed, this solution is getting more and more popular these days. So, in this article I will have a closer look at pros and cons of opting for this service.
Advantage 1. You Have Option To Buy The Vehicle Out
The greatest advantage of
Advantage 2. Damages And Repairs Are Covered
In the great majority of contract hire agreements, the costs of maintaining and repairing the vehicle is bore by the automobile leasing company. This means that you will be required to save a lot in terms of maintenance rates. Some automobile leasing contract will have a possibility of sharing the costs of maintenance and repairs. The vehicle dealer will anyway insist that you take a comprehensive insurance coverage for the automobile and this might be an extra charge.
Advantage 3. Credit Report
It is much uncomplicated to get financing for
Disadvantage 1. Heavy Charges In The Case Of Contract Cancellation
If for some particular reason you select or are forced to cancel the agreement before the
Disadvantage 2. Heavy Charges For Extra Mileage
It is true that car leasing agreement stipulates the maximum mileage that you might cover under the leasing contract. In the end very high fees for every mile will be required beyond the contract limit. If you need to have more miles then stated in the contract it is better to buy them beforehand. Even if you will not use all of them you are sure to spend less then in the case of overspending original amount.
Originally posted 2011-08-03 13:45:27. Republished by