If you've ever wondered whether leasing a car is a good idea, Jones Junction's blog offers some handy information about the benefits of leases.
Leasing means you won't have to deal with vehicle depreciation. Vehicles depreciate almost immediately after purchase, so they're not really a financial investment.
Leasing usually means a good deal as far as monthly payments are concerned. Leasing allows you access to a vehicle that you may not be able to afford if you wanted to purchase it. Lease payments are also often less than payments for financing a vehicle purchase, according to Jones Junction.
Lease terms generally last three years, which means your vehicle will generally still be in good shape during the entire time you drive it. At the end of a lease you can lease another new vehicle. Since the car is still young during the time you have it, it most likely will not have any major issues faced by older cars. Repairs and maintenance are also generally covered during a lease term.
You also won't have to deal with selling your vehicle when the lease term is up; simply turn it back in at the dealership.
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