Lease or Not To Lease – Are You Stuck In the Dilemma

Some may prefer buying, whereas some may choose to go for leasing. It mainly depends on

the person’s need and budget constraints. One thing you need to know that leasing is not

equal to renting. The term leasing stands for financing a car to derive its usefulness. When

you really need a vehicle, it is important to consider all the options available. What suits

you, buying or leasing? Do you go weak on knees by seeing some stylish models or are you

in favour of driving a vehicle loaded with features? The vehicles are second most expensive

buys, after houses, therefore worthy of giving importance. Van leasing and buying comes

with its pros and cons. In the end, it is up to you, which one to choose, after thorough

comparison and contrast.

If you are considering buying a van, you may have to bear the entire amount of the van,

irrespective of the miles covered by it or the duration you are going to keep it. Over here,

the monthly instalments are much higher as compared to leasing. At the time of purchase,

you have to pay for the down payment, monthly instalments, sales tax, road tax and lot

more, which will definitely make a big hole in your pocket. In case, you finance your buyout

by availing auto loan, then also you have to include the down payments and tax amounts in

your loan amount. Still, you will get a feeling of owning something and that’s special and

unique. Another important point to be taken in to consideration is the value of depreciation.

Assets depreciate and you can’t help it, so buying a van may turn out to be a bad

investment. The market is flooded with myriad van leasing deals; you have to choose the

right deal as per your need and choice.

When you buy a van, it stays with you until and unless it gets worn out or too old to use,

where as leasing offers you to change your car models, at the end of the lease contract

period. In case, you think of leasing, you have to pay only half for the vehicle, mainly for the

portion in use. There are no down payments involved neither you have to pay for taxes or

such additional amount. All will be taken care of by the dealers; however, you may have to

pay some other fees, like lease fees or some security deposit. At the termination of the

contract of lease, you may either keep the vans or also have the advantage to purchase it at

a reasonable resale value.

With van leasing, you get to enjoy the perks of latest technology which rolls out every year.

You don’t need to worry too much about the van, as you don’t own it. You will get to use

brand new models, every time you renew your lease contract. Although there are many

pros, don’t get disappointment by finding the cons. Spending money on leasing is a sheer

waste, as you could have bought an used car with that amount.

For more information, you can visit: www.Leasewell.co.uk