Leasing vs Purchasing

While leasing a new car or truck offers a few advantages over purchasing, ( lower repair bills, the latest safety features and the opportunity to drive a late model car) experts tell us that the price is much steeper compared with an outright purchase of a vehicle- and driving it for a few years longer then the finance term. Serial leasing is when you lease one vehicle after another, but it also means that you’ll always be paying to drive a vehicle during the very most expensive portion of their lifetimes, when the Depreciation of the vehicle is the absolute greatest. A vehicle under a lease agreement my lose 30 per cent or more of its value diring the first year, and truth is you are paying for it. Also, there are often times huge penalties you might incur as a result of exceeding the mileage limit or excessive wear and tear on the vehicle. This is money that you will have to pay at the end of the lease in addition to your lease payments, and it is money that you would not have had to pay if you purchased the vehicle.