Not yet registered? Create a OverBlog!

Create my blog

The pros and cons of used car leasing

If you are considering on leasing a used car, then it would be in your best interest to weigh in the advantages and disadvantages of doing so. By looking objectively at the pros and cons of used car leasing, you would be in a better position to make an informed decision.

Advantages of used car leasing

No down payment Most of the time, in used car leases you would not be required to make a down payment. In rare cases where you would be required to, the amount would be small and far less than what you would have to put down for a brand new car. Depreciation
Another advantage of leasing a used car is that you do not have to worry about depreciation. It is the dealer who has to contend with the car’s value depreciating and not you. You can drive a better car Getting a used car lease can afford you the opportunity to drive a car than in normal situations would be beyond your reach. In fact, you would find that many used cars for lease are luxury vehicles such as Range Rovers, Porsches, and BMWs and not cheap cars. In addition, you can also have the option of getting a certified pre-owned vehicle, that is, cars which are in great working condition. Warranty There is also the possibility of you getting the warranty for free as part of the used car lease offer. This means that you will not have to worry about paying for costly maintenance fees as these would normally be covered in the warranty.

Disadvantages of used car leasing

Abide by the predetermined mileage allowance One disadvantage with leasing a used car is that you would have to abide by a predetermined annual mileage allowance. If you go beyond the limit, you would be required to pay a penalty fee. Take care of the vehicle With a used car lease, you are expected to take good care of the vehicle's condition and appearance. Once you return the car, ideally it should be in the same condition in which it was in when you first got it. If it got damaged under your care and the warranty does not cover it, you would be responsible for having the car repaired or restored. No customisation is allowed Another downside to leasing a used car is you are not allowed to customise the vehicle in any way.

Same category articles Commercial vehicles

A guide to business car leasing

A guide to business car leasing

Leasing a car for your business has several benefits. it not only reduces car buying and maintenance expenses for the company, but also lets you deal with fixed motorcar costs, which makes it easier to control and expand on business projects. this guide will help you to start your leasing vehicles project.
What are the advantages of a transit pickup

What are the advantages of a transit pickup

On a daily basis, you find the need to move goods from one point to another. they could be business or household-related, and both bulky and non-bulky items. in order to do so with ease, a 4×4 pickup comes in handy for transporting goods. manufacturers such as ford, nissan, chevrolet, and toyota among others are continually coming up with different pickup models in order to cope up with the rising demand.
Where to buy Ford commercial vehicles in UK

Where to buy ford commercial vehicles in uk

Ford is recognised as one of the uk and europe's leading commercial vehicle suppliers. ford's ranges of commercial vans come in a range of sizes and specifications, meaning that your company can find the perfect van to suit their requirements. new and used ford commercial vans can be purchased, either online or in person at ford and other car dealerships.
A guide to van hire in the UK

A guide to van hire in the uk

If you're looking to move a lot of heavy items, then you might want to consider hiring a van. car and van hire in the uk can be an affordable way to transport furniture and large quantities of items without having to make numerous journeys, or overload your car, making it a safe and environmentally friendly choice. this article takes a look at how to hire a van in the uk to help you get the best deal.