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Driving a luxury car is on many to-do lists for ambitious professionals. A smoother ride and added features make the higher price of luxury cars a reasonable sacrifice. However, when you are looking at driving a luxury car, you need to determine which financial option is going to be right for you. Leasing a luxury car can be a great alternative to buying one of these expensive vehicles. Here are six reasons you might want to lease a luxury car.
1. You Don’t Need to Scramble for a Down Payment
Coming up with a down payment is one of the most difficult parts of buying a new car. Taking money out of your savings is never fun to do. However, when you lease a car, there is no need to pay money down. You can simply drive your dream car off the lot by signing a lease agreement.
2. All Maintenance Is Covered by a Warranty
If you own your car, regular maintenance and repairs can be expensive. When you buy a car outright, you will be responsible for all the maintenance and repairs. However, when leasing a vehicle, you will be covered by the manufacturer’s warranty. This will give you peace of mind on and off the road.
3. You Can Trade Up to a Nicer Luxury Vehicle Once Your Lease Is Up
One of the best things about leasing a luxury vehicle is the ability to simply trade it in once you have finished the lease. Most dealerships will allow you to use your previous lease payments as credit toward a new vehicle. If you always need to be in the latest cars, this is a great perk.
4. The Monthly Payments Are Lower Than When Buying a Car
When trying to budget, low monthly payments are key. Leasing a vehicle is always going to give you lower monthly payments than buying a vehicle, and this is especially true for a luxury car lease. Leasing gives you the ability to drive the car of your dreams on a budget.
5. You Won’t Have to Worry About Selling Your Car
Selling your car once you are ready to buy a new one can be a big hassle. Let’s face it, you aren’t an auto sales professional, and selling a car can be difficult. Once you are done leasing your car, you can move on to your next luxury ride without the hassle of selling your previous one.
6. You Can Use Your Lease Payments as a Tax Write-Off
Most lease payments can be used as tax write-offs. If you own your own business, this is almost always true. Make sure you meet with an accountant to learn exactly how you can write off your lease payments.
When leasing or buying cars, Orange Countyresidents should use a trusted auto broker. Get in touch with Below Invoice today, and we can help you find the luxury vehicle you’re looking for. Our staff has the expertise to locate a car with all the wonderful features on your must-have list. Call 949-630-0303 to learn more.