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| − | Those that go over the allotted amount of mileage per year on their lease have to pay a fee for any mileage that they put on over the agreed upon amount. It is usually around 15 cents a mile. It is also important that lessees return the car in good condition at the end of the lease. When the lease is up the car can either be returned or purchased from the company for amount that is agreed upon when the lease is signed.
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| − | While lessees can only put a certain amount of miles on the car each year that they have it, they do enjoy much lower monthly payments than those that purchases cars with a loan. Taxes are also lower with a lease.
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| − | Who Should Lease a Car?
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| − | Leasing a car may be a good option for someone who doesn't drive an excessive amount. It is also a good option for someone who takes good care of the car that they are driving. Lessees can also have a brand new car every 3 years or so. This is great for families who need a reliable vehicle to get their kids from place to place safely. Leasing may not be a good option for those that constantly have to drive long distances or cause excessive wear and tear on their cars.
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| − | I would like to start this article with a famous quote from oil baron Paul Getty "if it appreciates, buy it. If it depreciates, lease it". Many would say that is money management 101 or simply think it is common sense. So why buy a new car when you can lease it.
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| − | Mr. Getty's saying is a perfect fit for fleet managers and business owners alike who are building or renewing their fleets. In this article I'll point out key benefits to why leasing can be a real money saver from a business perspective.
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| − | When you buy a new car, be it privately or for a business, the minute you drive it off the forecourt it starts to depreciate, in other words you are loosing money the moment you drive your new car out of the garage you bought it from. This brings another subject into play, car depreciation, but that is content for another article.
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| − | Even though I won't discuss car depreciation in detail here, that is something you have to take for granted when leasing or contract hiring a car or a whole fleet. I recommend German cars as they depreciate far less than other brands. More on this later.
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| − | First of all let us understand the concepts of car leasing. The concepts of leasing a car are fairly simply, yet many business owners and fleet managers are often skeptical about it. First of all car leasing is not renting as many people mistakenly believe.
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| − | That said, leasing is a financial method, similar to a loan. When you lease a car you will be paying a set amount a month to purchase a new vehicle, but this vehicle won't be yours. At this point you might be asking yourself, what is the point in all this, paying for something that won't be mine?
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| − | If you asked yourself this question, I have to agree with you to a certain extent, but there other benefits that make car leasing more attractive than buying a new car. [http://www.hasenchat.net/blogs/292282/581873/how-to-buy-a-car-from-a-to-z How to Buy a Car Online], [http://journals.fotki.com/davidspring2/how-to-buy-a-car-from-948/entry/ddqdbggtbdqr/ How To Buy A Used Car], [http://socialnetwork.stock-options-picks.com/blogs/viewstory/160433 How To Buy A Car From A To Z]
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