Car leasing is essentially a long-term rental agreement between you and a car leasing company. When you lease a car, you’re not paying for the entire value of the vehicle. Instead, you’re paying for the depreciation that the car experiences during your lease term, which can go as short as a few months to a few years. At the end of the lease term, you can choose to renew it, lease another car or simply buy it. Hence, it is a great way to lease a car for less money you’d pay if you were to buy it.
When it comes to leasing a car, the costs are typically lower. There isn’t a need to pay for a down payment as you would with buying a car. This lower cost makes it a lot more affordable and comfortable for people to lease a luxury car.
Monthly leasing payments are also lower as well as you’re only paying for the car’s depreciation during the lease term and not the entire cost of the car.
Long-Term Cost Comparison
Cars tend to depreciate rapidly, which can make leasing a more economical choice. Plus, leasing gives you the chance to drive a new car every few years or months, whereas the costs of buying and then selling a car every few years can add up.
Drive brand new cars
At Current Leasing, we offer a variety of brand new cars for leasing be it short term or long. Which means to say you’re able to drive the newest car for an extended period of time, finish the leasing contract, and lease the latest model that comes out then again. Plus, you don’t have to worry about going through the hassle of selling the car when you can simply return it back to the leasing company.
Another advantage of leasing is the convenience it offers. At Current Leasing, we even include regular maintenance and servicing in the lease agreement. This can save you time and money, and give you peace of mind knowing that your car is always in good hands.