Conventional wisdom tells you that it's better to make payments to own a car instead of just leasing because after a certain amount of time, the vehicle then becomes your property, an asset you can add to your personal net worth. But while conventional wisdom is sometimes correct, it's not necessarily the right advice for every person in every situation. In fact, if you are looking at high-end or premium car brands, there are a number of reasons why you might want to lease instead of buy. Here's why you should head to a local dealer and inquire about leasing a luxury vehicle today.
A High-End Vehicle is a Big Investment: Make Sure You Find the One You Really Want
When you are putting down money for a premium brand of car, you are obviously going to be paying for the privilege of driving a vehicle with a certain logo on it. High-end vehicles have a certain amount of mystique or privilege attached to them just from their name brand. When you buy one of these cars, you are making a major long-term financial commitment, so it's a good idea to make sure you find one you really like.
That's where leasing can help. Get a short-term lease of up to a year on a premium vehicle, and it's like you are taking an extended test drive. You can drive multiple brands or multiple types of cars within the same brand, all within the same year or two. This is a great way to figure out which car is actually your dream car, and then you can move forward with buying instead of leasing if that's what you want to do.
Get the Vehicle You Want for a Lower Price Month to Month
While buying might be the smart play over the long term, not everyone can afford to finance a premium vehicle. One of the benefits to leasing is that the monthly payments can be considerably less expensive than what the monthly financing payments might be for that same vehicle. Your dream car will suddenly be available at a monthly price point that you can afford..
You Can Buy It Anyway
Many dealers that lease cars also offer a lease-to-own option. This means your lease payments will start going towards actually buying the car after a certain point. This is a great way to get the best of both worlds. You can test out different cars with short-term leases, and then if you really like one, your lease will eventually start going towards ownership of the car.
Contact a dealership that has vehicles like a Lexus for lease today for more information