Our Favourite Three Vehicles To Lease for Companies And Families
There are a lot of misconceptions about car leasing. Put together the words car and leasing and you’re sure to raise some eyebrows. To start off, it’s important to realize that leasing a car is not the same thing as, say, renting an apartment. You don’t actually throw your money away when you opt for car lease, since car leasing has been described as a form of financing where the lessee pays for the natural depreciation of a car’s value. In a nutshell, what you’re paying for in a car lease is the value the car loses in the natural course of things, not the whole car. There are certain advantages of getting a car for leasing instead of buying one, and a car lease can actually be an economical decision, be it for a business or for personal use.
One of the most enticing features of getting a car for lease and van leasing is that you get to drive a car that wouldn’t normally fit in your price range. You get to experience all the advantages of a brand new car without having to shell out (or get a loan to be able to shell out) its entire value. You can also have a relatively hassle-free time if you want to switch models, something that you won’t be able to do with as much ease when you actually own the car. Trading in models are made easier by companies that offer cars for lease and van leasing and most of the time all you have to do is fill up a form. Also, when you lease a van or any other vehicle either for your company or for your personal use, all you have to worry about is the monthly fee, saving you from the hassles that come with buying a car. With a car lease, you don’t need to worry about taking out a loan, depreciation of the car’s value, and looking for a buyer when you want to sell it.
The best cars to lease for business and personal use may vary depending on changes in the economy, as well as the release of new models. An important factor in leasing a car is the residual value, or the percentage of a car’s value after a particular period of time. The best deals for car leases involve cars that have high residual value, meaning their value doesn’t decrease as quickly or as drastically. When you’re leasing any vehicle, you’re actually paying for just its depreciating value rather than its full price, as was mentioned in the beginning of this article. Before you actually lease a vehicle, it’s a good idea to research on car values and look for models that have high residual values, since these cars would often have lower monthly payments.
There really is no hard and fast rule when it comes to vehicle leasing, but personally I have my top three cars to lease. The Mini Cooper convertible is on the top of most car lease lists, and it’s also one of my favourites, since its average residual value is almost 60%, meaning its monthly lease payment is affordable and is well within an average person’s price range. I also like the Toyota Corolla and the Nissan Sentra, since these two manufacturers produce cars that have low cost models with high residuals, making them perfect for leasing either for business or personal use.
If you’re planning to lease a car, you should keep in mind that there are thousands of options available out there, and that with enough research you’ll definitely find a great deal on a car that fits your needs and your budget.