New Cars – Hire, Lease or Buy
Jan. 30th, 2010 by admin
When it comes to getting the perfect car for the best price, there are so many options, not only are there hundreds of makes and models to choose from but there are various payment techniques. Hire, Lease or buy: There are payment methods to suit all budgets.
There is no ‘best’ payment method as it’s all down to the individual and their budget; however some payment methods have more advantages than others.
No one wants to pay excessive amounts for a basic car that gets them from A to B, or to buy a car when they only need it for a few months. Hiring is perfect for those who need a simple run around or having a car temporarily until you no longer need it. It’s ideal if you’re going travelling or needing a replacement car until you get your own back.
Nevertheless everything has disadvantages and so does hiring a car. Early termination of most leases can be very unpleasant for the consumer, especially if it is forced: the car is totalled in an accident or stolen. In such cases, insurance pay-outs often fall far short of the balance due on the lease leaving you holding the bag.
Conversely there is an option when leasing or hiring, in that if there is any damage to the car then it’s up to the leasing company to pay for the damages and to have a replacement car available for the customer.
Leasing a car is like making a pick and mix, the more money you have the more choice you get and the more sweets you can fit into that cup. Leasing a car avoids paying for damages, having problems with the car fixed and has better monthly payments. With all the extra money you save, you can get little extras such as Bluetooth, heated seats, iPod stations and such creature comforts. At a leasing company the cars can be tailored to the drivers and their specific budgets rather than what car they can get for their money.
Leasing a car also means a lack of compromise. When buying a car you’re restricted by those finance schemes on offer at a particular dealership. Some dealerships will have a great range of cars but poor finance schemes, some may offer a great credit option but you may not particularly fond of that manufacturer’s cars – vehicle leasing companies offer a range of finance schemes on all
When buying a car, owners will have to pay out of their own wallets for repairs, servicing and maintenance etc. With leasing, the majority of companies offer maintenance packages – covering otherwise expensive problems and leaving your wallet untouched.