Rumor has it that younger generations are either no longer buying cars or are solely buying cars to facilitate their share riding jobs. Both of these statements include some level of truth but simply put, many are shifting how they view car ownership in general. If you are one of those people, here are a few reasons to consider leasing a car instead of buying one.
The New State Of Mind
Considering a lease is mainly about reimagining your framework about cars. Back in the day, if you could afford it, owning a car was the better option because public transit was a lot less accessible outside of major cities and renting car services was quite costly.
Nowadays, when considering the idea of leasing a car, consider three things–your time, money and circumstances. A car lease is a short commitment, so if you plan on moving states or across the country, you can easily trade it in. With readily accessible and affordable ride-sharing services and cost-efficient leasing agreements, flat-out purchasing a car may not be in your best interest. For instance, if you have children to drive to soccer practice or make daily long commutes to work in the city, you may need to commit to a vehicle for a long while.
You’ve Got Options
Cars will only ever be a depreciating asset and, the cost of maintaining your ride will likely increase as the years' go-by. When you lease, you can enjoy a newer car in great shape and save on constant repairs.
When your lease ends, you can decide whether you want to buy the car (because you’ve grown a perfectly understandable attachment to your baby), trade the car in for a new lease or return the car and walk away with a new car experience under your belt, without suffering the consequences of a long-time commitment.
Alessio Lin
