Why I'm Leasing A Car When I Can Afford To Buy One

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Clasmatic

By: Savardekar

Although we save a lot of money in the beginning, there are costs to owning vehicles for longer than the standard three-year lease.

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Leasing is currently more affordable. And as long as I stay to my long-term financial strategy, it will continue to be less expensive in the future.

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You only pay off the depreciation of the automobile, not the entire original price (plus interest and fees).

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Many things can change in the three-plus years following the start of a three-year lease.

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My Toyota 2022 Corolla Hybrid leasing experience began with a pleasant online customising option and ended with quick delivery to my shared residence.

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There will be no haggling, upselling, or driving to and from the dealership. Maintenance fees are warranty-covered and easy to schedule.

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Knowing that Toyota will eventually own the vehicle gives me confidence that the firm will do all possible to keep it in good shape.

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Many leases include warranties that cover the bulk of the lease time. Mine covers two-thirds of my lease and includes quarterly oil changes and tyre rotations.

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Maintaining a brand new car is far cheaper than patching up our old Ford F-150, which averaged over $100 per month in repair fees.

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There is a case to be made that each generation of automobiles is more energy efficient than the previous one.

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My current vehicle gets me roughly 600 miles for $50 at the petrol station, but my old Ford got me less than a quarter for the same price.

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