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As the technology that goes into cars gets better and better, they are also gradually increasing in price. While this is part and parcel of creating some incredible new vehicles and pushing the boundaries, it is problematic for people who are passionate about cars and love driving but simply can’t afford those prices. This means that if you are looking for a new car – hybrid, electric or otherwise – you should start considering other methods for funding your transportation.
In the future, it seems very likely that we won’t have our own cars at all. Self driving vehicles are looking increasingly viable as a wide-scale option, opening up the opportunity for people to effectively hire the nearest car rather than owning their own. This lifestyle makes a lot of sense on both an economical level and an environmental level.
But this future doesn’t have to be that far away. In recent years, car leasing has become more and more popular. You get to lease the perfect car for you and in a few years time you can switch it up for a better model, incorporating new technologies and more green credentials. While we don’t have self-driving cars just yet, we can certainly start to learn how to share assets much better and begin to let go of the notion of ownership.
So, what is so good about leasing?
Fit in With Your Monthly Expenses
Leasing is one of the best ways to get a car when you don’t quite have the money to buy one. Cars are expensive and getting more and more expensive as time goes on. This can make it quite tricky for people who require a car but aren’t earning enough just yet to acquire the savings in time, like first time car buyers.
As a good compromise, leasing allows you to figure out how much you can afford to spend out of your monthly budget on your car. With this money, you can then lease a car without having to put down a deposit to begin with. In other words you get the car you want, right now, without having to save up for one first.
Fitting any large expense into your monthly budget can be quite difficult but luckily there are a wide range of cars available to lease. At the end of your lease, you can choose to either swap your car for a new model that will suit your new needs, or you can lease your same car again. This is slightly different to paying for a car on finance as you won’t own your leased car at the end of your contract. However, the monthly payments are quite a lot cheaper so this could be a better option if you are shorter on cash. You can read a little more about the differences between leasing and financing online at www.wcvolvocars.com.
Upgrade to Enjoy a New Car at the End of Your Lease
One of the most exciting things about your lease is that once it ends you can upgrade to get a better car that will suit your needs. As technology and cars are moving along at a rapid pace, this is a really good advantage to have as in a few years time, you can’t even imagine what kinds of changes will have been made. Having the ability to join in straight away will be really very exciting!
This might sound a bit weird if you haven’t thought of leasing a car before, but think of it like a cell phone. We all know how quickly cell phones have suddenly taken off with brand new technologies seeming to appear almost every month. The car industry may be a slightly slower industry given that a car is a much larger investment for anyone to make, but it is rapidly catching up and now this attitude to leasing rather than owning is taking off. And, when you think about it that way, it makes a lot more sense.
Your Car is Protected Under Warranty
One of the biggest worries that drivers have is that should anything go wrong with their car, they will have to pay to get it fixed again. This is particularly worrying when you have already spent pretty much all you have on buying the car in the first place!
With a lease, the car you are driving will be protected and covered so that if there are any problems, this won’t be coming out of your pocket, but will be paid for by the warranty. This means that while you should certainly continue to take excellent care of your car and drive sensibly and safely at all times, if there are any problems, you won’t need to worry about covering the cost.
This is a huge bonus if you are looking for an electric car or a hybrid as these cars are generally much more expensive to fix when they go wrong as they contain specially made parts that can often only be fitted by a particular garage or technician. Knowing this will also help to bring your insurance cover down as your insurer will not be shouldering the cost of these repairs either.
Leasing a car might not sound like it’s for you, but even if you only look at these three reasons to lease your next car, it is clear that there are a few significant advantages at play as the technology in cars improves at a rapidly increasing rate, you don’t want to get left behind the times when you know that the next awesome breakthrough in efficiency is coming. Being able to change your car regularly will allow you to stay on top of the trends without breaking the bank or having to save up a ridiculous amount for a deposit.
Take control of your car and take control of the future. Leasing is a trend that will soon be working for everyone and the sooner you climb on board, the more likely it is that industries will work to develop a future where everyone has a way of travelling around easily and efficiently – where you don’t need to be wealthy to have a stake in the best of the city.