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Leasing is a word that scares some people. People prefer to own things rather than pay to use them, yet never own them outright, but in this day and age you have to ask the question 'why?' Especially regarding cars. Cars depreciate more than pretty much any other consumer good worldwide, especially during the current economic climate. You only have to look at the many car manufacturers that are having to halt production simply because there is not the demand for brand new vehicles at the moment, and this trend is likely to continue until the global economy picks up. People are not buying brand new cars as they used to, but that doesn't mean to say that brand new cars are not being acquired per se. More and more people are leasing cars, be it Audi leasing, BMW leasing or Ford Fiesta leasing, as they realise that there are more pros to leasing than there are to buying outright. Firstly, if you lease a car as opposed to buying one, you don't have to worry about the hit on your investment in terms of depreciation when you come to sell the car in a year, or two, or three years time. Secondly, you don't have to fork out for servicing charges as they are covered by the leasing company and thirdly, and most importantly during these difficult financial times, you don't need to make a hefty downpayment, just an initial fee amounting to roughly 3 per cent of the car's valuation. By comparing the purchase of a sports car with the leasing of the same vehicle we can see how favourable car leasing can be. For example, an Audi TT Roadster 1.8 FSI would set you back around 27,000 pounds and after two years ownership with average mileage would depreciate to a valuation of around 16,000 pounds: a loss of 11,000 in just 2 years! Audi leasing would be considerably more prudent in terms of initial outlay and also in valuation terms. You could get behind the wheel of the same Audi TT by leasing it for just 294.99 pounds per month after an initial payment of 884.35 pounds. That would cost you 7964.11 pounds for 24 months, which on first sight may seem a lot, but when you compare it to the likely depreciation of up to 11,000 for the same car during the same time period, it really is a no brainer. Plus you get the hassle free servicing and maintenance charges accounted for. Even better value can be found on other Audi leasing vehicles. For example, an Audi A3 Diesel Sportback 1.9 TDIe has an on the road price of around 18,500 pounds, but can be leased for just 209.99 pounds after initial fee of 629.35. Or for something a bit more prestigious how about leasing an Audi A6 DIESEL SALOON 2.0 TDIe SE for just 304.99 pounds per month with an initial payment of 914.35? There are many vehicles to choose from, so why invest in a car when you can lease one more prudently and invest your cash elsewhere?
Article Source: http://blogticles.com
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