In today’s economy, Americans are all about the non-commitment. More people are renting their homes instead of buying, it is now more popular than ever before to work short term gigs as a contractor instead of being employed full time by one company, and people are less interested in buying new cars and more interested in leasing their cars. Car leasing in particular has seen an upswing this year due to the change in American lifestyle. Since people are all about the temporary situation, they have less interest in digging themselves into a hole with a car loan. They do not want the responsibility that goes hand in hand with buying a car, so in situations where they need daily access to a car, they lease it instead. Many people are figuring out that they get to enjoy all of the benefits of owning a new vehicle without all of the headaches that go along with it when they lease a car instead of buying one.
Buying a car involves credit checks, and being pre-approved for a car loan and not only making monthly payments, but also paying even more due to the high interest rates of their loan. If they decide to sell their car, they either have to wait until it is paid off, or they have to deal with the possibility that they may lose money on the transaction. Who wants to deal with that? When you lease a truck or a car, you have all of the fun with none of the hassle. You still get to drive around a new vehicle with the latest technology and safety features. You also still have monthly payments that you make on the vehicle similar to how you would if you were purchasing a car, but once your lease is over, the payments stop. You do not have to worry about being upside down or in the hole, or up a creek …. basically you do not have to worry about being in a bad spot financially.
Services like Smart Auto Leasing often do most of the work for you when it comes to getting your finances in order so that you can lease a car. Since there is no pre-approval or car loan needed, all that you typically need to get started on a lease is a small down payment. You then make your monthly payments the same way you would if you are purchasing a car. At the end of your leasing term, you then have two options: you can either return the vehicle to the leasing service and begin the process again with another new vehicle, or if you have fallen in love with your car and are not ready to say goodbye to it, you can option the vehicle to purchase. Purchasing vehicles that have been used as a leased vehicle in the past are often great deals, especially if you were the person that was driving in for the past two years because you know exactly how the vehicle was treated.