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The Benefits of Leasing vs Buying a Vehicle
Cars are an important commodity. If you cannot buy one for any given circumstances, you can opt for enjoying the benefits of a car lease for a comfortable commute to work. Here are some of the benefits of a car lease versus purchasing a vehicle outright: 1. Affordability One of the main reasons why people opt for leasing a car over buying it is due to financial constraints. The monthly payments for a car that is leased will be much lower than what one has to pay when purchasing through a loan. There is no principal to pay here, just the amount of depreciation of the car for the duration of the lease. 2. Maintenance Another prime benefit of a car lease is that you don’t have to spend much on its maintenance. The vehicle is generally covered under the manufacturer’s warranty. Most manufacturers include regular maintenance benefits and free oil changes under this warranty. Note that any damage caused by you will be your responsibility and are not covered under the warranty. 3. Access to a better model With the option of a car lease, one is presented with the option of opting for a higher model of a car than what can be afforded.
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