I love my car.

I love every feature that it offers such as the Bluetooth or hands-free calling.

I love the stereo, and the GPS that is built into the dash.

I do however get jealous when I see someone else driving a model year newer

version of the car I drive.

This gets me to start thinking what features I may be missing out on due to the model

year difference.

I then remember that I’m still financing the model year that I’m currently in, and have

another year left until the vehicle is paid off.

I have heard of this purchasing option called leasing, and I wonder what the benefits are

of leasing a vehicle.

I also want drivers to be aware of all of their options for purchasing a vehicle, and so I’m going to inform you of the benefits and cons

of leasing a vehicle.

One of the first benefits that drivers can enjoy when leasing a vehicle is that they can drive the latest vehicle model of their choice

depending on the length of the lease.

With this being said the vehicle is usually covered within the manufacturer’s warranty

in case something happens.

There are also financial benefits to leasing versus buying a vehicle.

The first is that there is often no down payment, or a very low one making it easier for people to afford to lease the vehicle of

their dreams.

The next benefit is that drivers that lease vehicles have a wider selection of choices

when they are selecting a vehicle due to the flexibility that leasing offers.

The first disadvantage of leasing a vehicle is the prohibition of customizing the vehicle.

This being said, if you decide you want to upgrade your stereo in the car that you are

leasing then you would be violating the terms of the lease.

The next disadvantage is the early termination fees associated with needing to

cancel a lease early.

The fees are also then due right up front.

This could mean that you might have to spend the same amount of money to cancel the lease that you are expected to pay just

to finish the lease.

The third disadvantage of leasing a car is the limited amount of miles that drivers can put

on the vehicle annually.

If you are someone who likes to take road trips then leasing a vehicle may not be for

you.