Why should I lease my vehicle?

Why should I lease my vehicle?

1. Capital preservation. New vehicles depreciate the most during the first three years. Place your capital in appreciating assets: real estate, securities, rather than in a vehicle.

2. Risk reduction. Leases include GAP insurance which indemnifies you for any deficiency in your lease account in the event the vehicle is stolen and unrecovered or in a total loss accident.

3. If you tend to turn your cars every 2 to 4 years, the value of your used car is always negotiable (almost always downward) if you own. When you lease, the value of your end-of-term vehicle is fixed, so if the market value is less than the lease company projected, you simply walk away.

4. New leases have the option to cover excess wear and tear on your car. Special coverage will reimburse the lease company up to $2500.00 for worn tires, chipped, cracked or broken glass, body damage and interior wear.