Posts Tagged ‘car lease’

Should I Buy or Lease a Car?

Right now, the tremendous world of car financing and leasing seems to be getting closer and closer. You want to know all about car leasing UK available at Lease Cars Direct has to offer, but you also might be interested in financing the vehicle. What do you need to consider, and what is the best option for you?

Getting a New Vehicle Frequently
When you finance a car, it can take a while to pay off. Once you have paid for the total amount of the car, you probably do not want to get a new car immediately. When you enter into a Mercedes leasing available at Lease Cars Direct agreement or another type of lease deal, you are generally bound to the vehicle for about 36 months. At the end of that time frame, you can enter into an agreement for another brand new vehicle.

Limiting Your Driving
You also have to consider how much you actually drive when deciding between a lease and a finance deal. With a lease, you usually have a limit on the amount of miles you are able to drive per year. Sometimes, this facet of the agreement can be negotiable. If it is not, you must be sure that you are able to stay under that limit. Otherwise, you could owe some substantial fees at the end.

Saving Your Money
In some cases, you might be able to put zero down for either a lease or a finance deal, but it is more common with a lease. Generally, however, you have to put at least some amount of money down. In most cases, the down payment for a lease is going to be less than for a finance deal. A lot of individuals see this as a favourable circumstance. Others do not agree with it because they do not feel you should have to make a down payment on something that you are essentially renting.

Your Personal Habits
Remember, when you lease a vehicle, you need to return it at the end of the agreement. The only exception is if you decide to buy it. For people who tend to live out of their cars, a lease is not always the best idea. If you return the car and it is destroyed or dirty, then the dealership might charge you fines. This should all be in writing when you sign the final paperwork on the leased vehicle.

Ultimately, you need to consider all of these factors when you are deciding whether to buy or lease the car. If you are able to stay under the mileage limit and keep the car in great shape, then a lease is often the smarter decision to make.