Benefits of Car leasing

Car leasing has its benefit too, as compared to buying a car. Although maybe people will prefer buying a vehicle than leasing it, below are the benefits of car leasing.

1. Reduces monthly payment

You are going to enjoy low monthly payments. When you lease a car, you are going to enjoy payments that are 30%-60% lower than when you buy a car. This allows you to have a vehicle you might not be in a position to afford. Perhaps this is the main reason why many people lease cars.

No repair cost

In most cases, when you lease a car for a period of fewer than 36 months, you are usually covered by the bumper to bumper warranty during the entire period.

Tax benefits

In most cases, you will only be required to pay tax on the usage part of the vehicle and not the full price of the vehicle.