Car buying or leasing – What best suits your needs?On October 31, 2019 by admin
When you lease, you rent a car. This means that some others actually own the car and you just borrow it.
You enter into a contract with the provider of the car. must indicate how many kilometers you want to drive in the coming year. If leasing is to be your alternative, then you need to have quite good control over your driving habits.
For many, this also means having a fairly stable life and not suddenly moving or changing jobs that are far from one’s current job. Changing where you are on a daily basis typically also means that you will have different distances and thus end up driving more or fewer kilometers than you first expected.
You pay a monthly amount
With leasing, you pay a monthly amount, which covers the ‘rent’ of the car, maintenance and service. The contract covers a specific period of time and therefore you hang on to the car throughout the contract for good and evil. If you need the car longer than agreed, a new contract must be made. If you want to get rid of the car, you need to negotiate with your provider and you may not always be allowed – or in any case, not to get a refund for unused time.
The car should usually be returned to the condition it was received. Therefore, leasing is often not so optimal if you, for example, have small children who waste a lot or dogs that can make scratches all around.
The most important tip with leasing is that you talk to your provider throughout. Most often they are really nice and want to work with you on the best possible contract. But remember to talk about what happens, for example. suddenly change your mind. In this way, everyone is aware of what the agreement is exactly before it is signed.
What is Purchase?
The comfort and flexibility of having your own car is undoubtedly something that everyone can see the benefit of. But this comfort can easily be offset by the cost of having to pay monthly installments. Not to mention daily operating costs, as well as vision and unforeseen repairs.
A car purchase can be for a brand new car or for a used one. Whichever car you want to buy, it is clear it must fit with your finances. Therefore, before embarking on car purchases, find out what you can afford and stick to that budget throughout.
Car purchases often require 20% down payment and a car loan to complete the deal. Car loans can be obtained from a car dealer, bank or mortgage lenders.
If you buy a new car you can control what it is for one. So you have a large free space to choose for yourself, for example. Must be sunroof in the car and what color it should be. Of course within your financial framework.
Whether you buy new or used, it will be your car. Therefore, in that sense, you can do with it whatever you want. So you do not have to think about how many kilometers you drive a year or whether the dog scratches a little in the seat cover. You can run anything you want and have them on board as you wish.
Most people sell their car after a number of years. The car, of course, loses value year after year and therefore car buying is not exactly something you win more money on.
What is best for me?
So it all depends on the individual situation and which of the many advantages and disadvantages you weigh most.
If you still have doubts about what best suits your needs, talk to your dealer. They know a lot about the subject and they have lots of experience. Maybe they have even seen and talked to people who have the same considerations as you.