Your first thought if you need cars for your business or if you want to buy one for personal use is that you buy it outright and then it is yours. The thing about that however, is the car will begin to immediately depreciate in value the moment that you drive it out of the showroom and it is up to you to spend money over the coming years maintaining it, servicing it and putting fuel into it. Many people don’t consider these things when they think about changing their current vehicle or buying their first one.
People are now talking about leasing the vehicle that they want instead of having to put the full price of the car down or to take high-priced finance out on it. In the vast majority of cases, it makes more sense to lease the vehicle that you want rather than to buy it outright. If this has lit a fire under you and you would like to find out more, you need to talk to the people at SG Fleet to get more information and to figure out exactly what you can do.
The following are some of the top reasons why it makes more sense to lease your vehicle rather than buying it here in Australia.
- Your monthly payments will be lower – When you figure out the costs of leasing your car and paying it off because you have bought it every single month, you will find that the monthly payments are much lower with the leasing option. Another selling point is you will get to drive a much nicer car and you can actually change your mind as to what vehicle that you want to drive every once in a while if that is your wish.
- Less money to put upfront – If you want to buy a car outright, the finance companies usually want a significant deposit upfront before they will entertain the thought of providing you with a finance deal. This stops people right in their tracks because they don’t have that kind of money available right now. The beauty about leasing a car is that the upfront costs are much lower and this is a better situation to find yourself in financially.
- You get more bang for your buck – As was touched on briefly before, if you want to buy a car outright, you need to think of the monthly payments that you need to make like maintenance and fuel for the vehicle. When you add all of that up and you compare it to the lease payments that you will be paying, in the vast majority of cases, it is much lower. You can save the extra money or you can use it to upgrade your choice of car with the leasing option.
Another great selling point is that you will be allowed to change your car every once in a while when you lease and the car is maintained for you.
