Kia Optima Hybrid Lease Deals
Driving home in a car you love is a joyous occasion. Making it happen can be less than joyful, though, especially if you make the wrong decision in how to make driving away in that car happen. It’s important to have a good knowledge of what it means to lease a car. An enormous number of people have a poor understanding of car leasing, so here is a short primer on exactly why leasing is a good option for nearly every would-be buyer.
What are the advantages of leasing a car?
The number of cars people can afford to buy is far fewer than the number of cars people can afford to lease. When you lease, you’re going to get a much greater selection of cars to choose from. When you have a greater number of cars to choose from, it’s more likely that you will be satisfied with your final decision. Don’t just settle for any old car you can afford. When you lease, you can drive away in something you really love.
Less up front costs
Anyone who has ever purchased a car new will tell you that it can be a hefty sum flying out of your pocket all at once. This can cause a great deal of financial hardship over the ensuing months, leaving you to scrape up cash for high car payments. Leasing is the opposite. You get a very affordable monthly payment based off the total value of the car, the money factor (same as APR), and residual value percentage. Credit might also factor into the bottom line of monthly payments. The point is that when you lease, you pay less up front, making it much more affordable to keep the household budget afloat after leasing a car.
Less worry about repairs
Maintenance and repairs on any car can be one of the biggest headaches in the world. When a car has a serious issue, there’s a good chance that you might miss work, have to pay for a cab, or face a huge repair bill that takes away from other fun things in your household budget. Leasing takes care of these worries and then some. When you lease, a car is new enough to still be under warranty. So when there are car repairs to be taken care of, it’s a simple matter of letting the dealership or leasing agency take care of things… for free. You don’t pay as many out of pocket costs for repairs when you lease.
Less worry about safety
Leased cars aren’t immune from safety issues but because they are typically more expensive, higher quality cars, there are greater safety measures built into their construction. When you lease a high quality car, you can be much more confident that it will drive properly and that you won’t face any or as many safety issues.
Buying a car is a huge commitment. You make a large down payment, pay a large monthly payment, and pay a lot of interest over the course of financing. This means you’re not going to be able to walk away from these payments for a very long time. In some cases, it can be as long as 15 years of your life, paying on the same car. The great news about leasing is that you’re going to be committed to this one car for a much shorter period of time. You lease for a two or three years and then you’re free to walk away and explore other choices.
Other things to consider before you lease
So we’ve already established that leasing is a terrific option for people who aren’t ready to commit to purchasing a car. The next question is, is leasing a car possible given your current financial and credit situation. Some people don’t realize this, but you need better credit to lease a car than you do to buy a car. If your credit isn’t up to par, you may find your options more limited in leasing. If the purpose is to get a much more expensive car but your credit just won’t allow you to lease, then it might be time to explore other options.
If your credit is top notch and you’re all about paying lower monthly payments, then it’s time to search for leasing agencies who can help put you in the car of your dreams. It won’t be yours at the end of the lease, but it will be yours during the time that you lease it, and that’s a beautiful feeling to know that you have leased a top quality car for yourself and your family to enjoy over the years together. Best of all, when the lease is up, you can look at other options.