Is it better to buy or lease a car?

There are of course pros and cons to either buying or leasing a car. Some argue that if you lease a car you never truly “own” it. However, the value of cars depreciates rapidly, and leasing a car saves you from trying to get rid of a car which is now worth much less than when it was originally bought.

Here are some of the advantages of short-term car leasing:

With short-term car leasing, you do not need to make long-term commitments. You can lease a car from anywhere between 28 days and a year, with models replaced after 6 months so you are always driving a quality new vehicle.

Leasing a car is a great way to drive away in a car which may otherwise be out of your price range. You might not be able to afford to buy a new Mercedes, but there is a good chance you’ll be able to afford to lease one.

Car leases often include road tax, 24-hour emergency assistance, maintenance and vehicle recovery, so you get a lot more than just the car for your money.

When it comes to leasing a car there are no large upfront costs as is the case when buying a car. This is part of what makes cars which may otherwise have been out of your price-range more affordable.

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