Car Leasing 101 - Vehicle Maintenance - Car Leasing Advantage

The Remedy for On-going Vehicle Maintenance

A nice benefit of leasing a vehicle over buying, is you can define your lease terms, whether 24 to 36 or more months. The advantage here is consumers can tailor their vehicle lease term to the automobile manufacturer’s warranty coverage. Aligning the lease term with the warranty of the vehicle keeps you covered financially if anything major goes wrong with the vehicle. Take a survey of people who purchased a new or used car and you may be surprised to hear some interesting stories of major vehicle repairs before the warranty expires, and just after. New vehicles can have re-call components, especially if the vehicle make and model are new to the market place. Though keep in mind there are also disadvantages to car leasing.

Part V: Appreciation and Depreciation