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Leasing a premium car can be an excellent option for those who want to drive a high-end vehicle without the high upfront costs of purchasing one. While some people may think that leasing a luxury car is expensive, the truth is that leasing can be more affordable than you think. Below Invoice, a USA-based company specializing in leasing cars knows that leasing a premium car can be a smart financial decision. In this article, we’ll explore ten reasons why leasing a premium car with Below Invoice is the best option for you.
1. Lower Monthly Payments:
Leasing a premium car can offer lower monthly payments than purchasing a car outright. When you lease a car, you’re only paying for the depreciation of the vehicle over the lease term, rather than the full purchase price. This means that you can enjoy driving a luxury car without breaking the bank.
For example, if you were to purchase a $60,000 car with a five-year loan, your monthly payments could be over $1,000 per month. However, if you were to lease the same car for three years, your monthly payments could be around $500 per month.
2. Lower Maintenance Costs:
Leasing a premium car can also mean lower maintenance costs. Since lease terms are shorter than the typical ownership period of a car, the vehicle is likely to still be under warranty during the lease term. Additionally, many dealerships offer free maintenance for the duration of the lease, which can save you money on routine maintenance and repairs.
For instance, if you were to lease a Lexus ES for three years, the car would be under warranty for the entire lease term, and you would not be responsible for any maintenance costs. This can result in significant savings over the life of the lease.
3. Tax Advantages:
Leasing a premium car can also offer tax advantages. When you lease a car for business purposes, you can often deduct the lease payments as a business expense. In addition, if you use the car for personal use as well, you may be able to deduct a portion of the lease payments as a personal expense on your tax return.
For example, if you were to lease a BMW X5 for business purposes, you could potentially deduct a significant portion of the lease payments on your tax return. This can result in significant savings come tax time.
4. Access to the Latest Technology and Features:
Leasing a premium car can give you access to the latest technology and features without the high upfront costs of purchasing a brand-new car. Since most lease terms are relatively short, usually between two and four years, you can upgrade to a newer model at the end of the lease term.
For instance, if you were to lease a Mercedes-Benz S-Class for three years, you would have access to all of the latest technology and features, such as adaptive cruise control, without having to pay the high upfront cost of purchasing a new Mercedes-Benz S-Class.
5. Reduced Sales Tax:
Leasing a premium car can also result in reduced sales tax. When you purchase a car outright, you’re required to pay sales tax on the full purchase price of the car. However, when you lease a car, you only pay sales tax on the portion of the car’s value that you use during the lease term. This can result in significant savings on sales tax.
For example, if you were to lease a Porsche 911 for three years, and the lease company estimates that the car will be worth $80,000 at the end of the lease term, you would only be responsible for sales tax on the $20,000 difference between the purchase price and the estimated residual value.
6. No Trade-In Hassles:
When you lease a premium car from Below Invoice, you won’t have to worry about the hassle of trading in your car when you want to upgrade to a new vehicle. At the end of your lease term, you simply return the car to the dealer and walk away.
This can be especially beneficial if you’re the type of person who likes to drive the latest model of a particular car or if you tend to get bored with your car after a few years.
For example, if you lease a Tesla Model S for three years, you can return it to the dealer at the end of the lease term and lease the latest model without worrying about the hassle of trading in your old car.
7. Flexibility to Drive a New Car Regularly:
Leasing a premium car can give you the flexibility to drive a new car regularly without the high costs of purchasing a new car every few years. Since lease terms are relatively short, you can enjoy driving a new car with the latest features and technology every few years.
For example, if you were to lease a Cadillac CT5 for three years, you could enjoy driving the latest model without worrying about the high upfront costs of purchasing a new Cadillac every three years.
8. Lower Upfront Costs:
Leasing a premium car can also offer lower upfront costs than purchasing a car outright. When you purchase a car, you’re required to make a down payment, and the amount of the down payment can be significant. However, when you lease a car, the down payment is usually much lower, which can help you save money upfront.
For instance, if you were to purchase a $50,000 car, you might be required to make a down payment of $10,000 or more. However, if you were to lease the same car, your down payment might be as low as $2,000.
9. Lower Risk of Depreciation:
Leasing a premium car can also offer a lower risk of depreciation. When you purchase a car, the value of the car starts to depreciate as soon as you drive it off the lot. However, when you lease a car, you’re only responsible for the depreciation of the car during the lease term, which can help you avoid the risk of a significant loss in value.
For example, if you were to purchase a Mercedes-Benz E-Class, the value of the car could depreciate by as much as 40% in the first three years. However, if you were to lease the same car for three years, you would only be responsible for the depreciation of the car during the lease term.
10. More Predictable Costs:
Leasing a premium car can also offer more predictable costs than purchasing a car outright. When you lease a car, your monthly payments are fixed for the duration of the lease term, which can help you budget your expenses more effectively.
For instance, if you were to lease a BMW 7 Series for three years, your monthly payments would be fixed for the entire lease term. This can help you avoid unexpected expenses, such as major repairs or maintenance costs, which can be more difficult to predict when you own a car outright.
In conclusion, leasing a premium car with Below Invoice can be a smart financial decision for those who want to enjoy driving a high-end vehicle without the high upfront costs of purchasing one. With lower monthly payments, lower maintenance costs, tax advantages, and access to the latest technology and features, leasing a premium car can be more affordable than you think. Additionally, the flexibility to drive a new car regularly, lower upfront costs, and more predictable costs can make leasing a premium car a smart choice for many drivers.
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