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3 Advantages to Leasing a Vehicle

3 Advantages to Leasing a Vehicle

3 Advantages to Leasing a Vehicle in New York City

If you are looking to get an automobile, then you may want to think about leasing one as opposed to buying it. There are many advantages to leasing a car in New York City.

Less Expensive

Usually, if you compare the cost of buying a new vehicle to the cost of leasing one, the monthly payments will be lower on the leased vehicle. This allows your paycheck to go further on other items or you may be able to lease a vehicle that is more expensive than the one that you could buy.

Minimal Upkeep Costs

The maintenance costs with a leased vehicle are usually minimal because the warranty period and the lease period are usually about the same length of time. You will also be able to return the vehicle for something newer about the time that many vehicles get expensive to maintain.

Investment on Your Money

If you buy a new car, then it loses almost 20 percent of its value in the first year. The average new vehicle in the United States costs $33,560. If you brought the vehicle, you would have lost $6,712 of the car's value at the end of the first year.

No Trade-In Hassles

At the end of the lease, you simply drive the car onto the lot where you made the purchase. If you have lived up to your end of the deal, then you can lease another one or try to buy it at a lower cost. Alternatively, you can simply walk away.

There are many advantages to leasing a vehicle. You will find that the upkeep cost is minimal, you are not throwing money away and you can turn in the car at the end of the lease. Learn more about lease car nyc come check us out.