Get a means of transportation at the end of your lease

Despite aggressive low-interest financing, cash-back offers and other
purchasing incentives offered by leading auto-makers to buyers, leasing
numbers keep increasing steadily over the years. contracting is not only an
attractive financial proposition to most auto-consumers, but also a
lifestyle and preference choice.

Benefit Number 1: Keeping up with the latest trends

contracting is sometimes more of a personal and lifestyle choice than a
financial one. Many people are not comfortable with the idea of owning a
vehicle over a long period of time. They’d rather keep up with the latest
trends of the industry and drive the latest models every two to three
years.

contracting a automobile gives you the convenience of having the latest technology
and safety innovation, such as an electronic stability system, DVD
entertainment systems and advanced stereo equipment. If you are willing to
forego ownership for the latest set of wheels, than contracting is your best
option.

Benefit Number 2: Purchasing Flexibility

leasing also offers purchasing flexibility: it allows you to defer the
purchasing decision while using the automobile. You don’t have to haggle with your
mechanic over repair expenses, deal with hefty maintenance bills or worry
about a depreciating asset. Provided you can keep the automobile in good
condition and stay within the contracted mileage allowance, you’re
effectively getting a test drive for the length of your agreement.
At the end of your contract, you can purchase the auto-vehicle or simply turn in
the keys and walk away. No questions asked.

Benefit Number 3: Cash Flow

contracting offers many short-term benefits. It reduces your initial cash
outlay as you do not have to pay the large down payment required for auto-vehicle
ownership. You only pay for the depreciation on the automobile - only the part you
will use during your contract, not the entire vehicle. This results in lower
monthly payments and frees even more cash. This cash can be put to use more
intelligently elsewhere than the questionable investment of owning a
depreciating asset. If you are self-employed or use your means of transportation for your job,
then you can write off your contracting payment as a business expense.

Benefit Number 4: Negotiating Leverage

Although it may seem a little unorthodox in this industry, almost
everything about contracting is negotiable. If you know all the fees involved,
you can lower your monthly payments, negotiate the purchase price of the
vehicle at the end of the agreement and contract additional miles on top of
your mileage limit. You can also do some shopping around and compare deals
from different auto-insurers to get the cheapest GAP insurance for your
lease.