Driving a luxury vehicle is an experience like no other. You never fully understand the major differences between traditional cars and the luxury models until you've actually ridden in a luxury model. When a friend who recently purchased a luxury automobile takes you out for a spin, you'll also be sold on these cars, and then you won't rest until you can get your hands on a luxury vehicle. Instead of buying one of these beauties outright, though, it might be better for you to take out a lease instead.
Enjoy Lower Payments With A Lease
Luxury vehicles are gorgeous, but they also come with a pretty price tag. A midsize luxury vehicle will cost you about $40,000 dollars, while a flagship model can reach into the six-figure range. These are very high numbers, and even if you make enough to cover the sticker price, it might not be very wise to take the plunge.
Cars tend to lose value at an alarming rate. A new vehicle can depreciate by as much as ten percent during the very first month of ownership. If you put down the cash for a brand-new luxury vehicle, you are basically giving money away. You'll be stuck with an expensive car payment without the benefit of having an asset that retains the same value.
Your lease payment is basically set at a level to cover the cost of depreciation and taxes. This means that you may be able to spring for a fancier luxury car by leasing as opposed to what you'd be able to afford with a basic vehicle loan.
Leave Maintenance To The Manufacturer
If you've heard horror stories about people who bought luxury cars and learned that it costs more to purchase one of these babies and also to service it, you can probably see the tremendous benefits of leasing. When you lease a vehicle, most of the repair and maintenance work is completely covered by the contract. You won't have to worry about shelling out hundreds or even thousands of dollars for simple repair work because you can file a claim against the warranty and get just about everything fixed for free.
Your dream of hitting the highways in a luxury vehicle is within your reach. Decide which car you want, and head over to a dealership to learn more about current leasing terms and conditions. There you can learn about things like how to lease a Lexus and more.