Understanding Car Leasing

Without having a huge amount of cash lying around waiting to be spent on a car, it would be easy to think that there is no way for you to drive the latest cars around, and be stuck driving older models. Typically if you want a car, you buy it, then after 5 years you want a newer model car, but you’re stuck with a car you may struggle to sell for anywhere close to what you paid. This is without considering the amount you’ve spent on repairs & maintenance of the car.

Many people dismiss leasing a car as something best used for short term purposes, as a way to show off your car without spending thousands on a regular basis. Maybe once this was true, but over the last few years leasing a car on a long term basis has become more viable an option than ever before.

Rather than buying a car and then selling it 2-3 years later with a loss in value, known as the depreciation, car leasing is based on the principle that you rent the car from the lease operator and your payments cover the loss in value between leasing the car and returning the