Can Auto Leasing Really Save You Money?

As many families struggle under the weight of mortgage payments, grocery bills, insurance costs and other expenses, adding a high car payment into to the monthly budget can be crushing. Even so, having a reliable, comfortable car is simply a must in most households. Car leasing may hold the answer for keeping costs in check without sacrificing quality and reliability in the process.

Car leasing is a unique alternative to buying. While lessees enjoy many of the benefits of ownership, they are insulated from some of the pitfalls, such as depreciation costs and loans that are worth more than the vehicles they drive. When a lessee works with a reputable automobile leasing company, the benefits can add up to real savings over the miles. Here are just a few of the ways car leasing can save lessees over the long run:

• Potential to save on upfront costs – Credit-qualified lessees are likely to find themselves insulated from the large upfront costs often associated with buying a new vehicle. Some car leasing companies don’t require large down payments or security deposits. That means a lessee can get the keys to a new car for generally only the first month’s rental payment.
• Monthly payment price – The monthly payment on a lease agreement will vary based on the specific terms, the vehicle involved and other factors. Even so, the average lease saves auto lessees between 40 to 50 percent over buying. While lessees are able to enjoy access to brand, new vehicles, they don’t pay a premium price to do so.
• Repair bill costs -Lessees will be responsible for routine maintenance expenses, such as oil changes and tire rotations. New cars, however, typically are covered with generous warranties on parts and labor. That means if anything breaks down during a typical lease term, the warranty covers the expense.

Car leasing companies provide an excellent way for families to contain their costs without sacrificing quality. In doing so, they provide drivers the benefits of "buying," without all the potential pitfalls.

a href=http://www.fairlease.org/about-usFairLease is a credit union owned company, FairLease follows a credit union philosophy of serving people, meeting their needs and providing the best product at a reasonable price. In essence, we want "