Short Term Car Leases Are The Way To Go
Short term car leases are incredibly popular because sometimes a person only needs a vehicle for a little while, even as little as a 1 year car lease, and does not want to get a vehicle that is going to tie them down for years to come. When you go to get an auto loan, you are locked up in a loan for five to ten years, and that is a very long time. Worse yet, you are paying the same price for a car when it was new, as you are when it is nearly worthless. Auto loans are not something you should consider, but lease vehicles are.
Even a car lease for 1 year has its benefits because you only get the vehicle for as long as you need it. Why is this good? Well, here are just some of the reasons that a short term lease, like a 1 year car lease, are so popular these days.
1. They save people money because those leasing the vehicle are only paying for the depreciation not the total price of the vehicle. If the vehicle is going to depreciate in value by $4,000 over the course of a year, then you only pay $333 each month. That is half what you would pay for an auto loan.
2. It is possible to get a car lease for a new vehicle that is much cheaper than a car loan for a new vehicle.
3. Warranties on car leases that are short usually cover the entire lease term.
4. Once the lease term is done, you can return the vehicle without any commitment toward the lease after that.
5. Many companies have excellent car lease specials that allow you to get a vehicle for next to nothing, drive it for a year, and then return it to the leasing company.
Many people are looking towards car leases as the way to get a car because they are tired of the hassle of auto loans. With auto loans, you have to jump through so many hoops just to get a vehicle. It is cheaper and easier to get an auto lease than it is to get an auto loan. During tough economic times like right now, more and more people are choosing car leasing instead of car loans. It is not hard to question why. When you can choose among short term car leases, like a 1 year car lease, you get the choice to save money and get a new car that you only need for a short period of time.
Filed under: short term car leases