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As soon as you drive the car off the dealership, it starts depreciating drastically. You're much better off leasing a car that is short term. It'll still be nice and shiny and smell new but sold at the price of a second-hand car. If you choose to buy a brand new car with your hard-earned cash, your car's value will decrease by 20% to 30% by the end of the first year. Instead, buy a car that's coming off to a one to four-year lease.
Leasing a car often has a lower monthly payment compared to financing a car with the same loan terms, since with a lease you're paying for the depreciation of the car during those years rather than the whole vehicle cost. The biggest benefit of leasing a car from Genuine Car Lease rather than buying is that you can usually get more car usage for your money by paying the depreciation on the car rather than the entire purchase price. Car leasing also benefits drivers who don't have much money saved up for a down payment.
Genuine Car Lease specialises in leasing brand new cars to individuals and businesses with NO/POOR/GOOD credit profiles. Worried your car might break down? The older cars get, the less reliable they become. Lease a car and that won’t be a problem because you will be driving a brand new car which will be covered by the manufacturer’s warranty. This allows us to offer some of the most competitive market rates available, helping you drive your monthly costs down. Because you are driving a new car, you benefit from the latest car tech manufacturers are introducing to the market like night vision. You are driving a new car, hence a more reliable car, so it is highly likely you will not have to replace costly mechanical repairs and probably won’t even need to replace your battery.
With Genuine Car leasing you simply hand back the car at the end of the lease agreement contract and you are free to choose your next new vehicle. Unlike PCP, there is no haggling over the final versus the estimated value of the vehicle, you avoid having to negotiate a part exchange with the dealership on your next car or having to buy the car.
A wise man once said “If it appreciates, buy it. If it depreciates, lease it.” Lease a car and you won’t be sinking your savings into something that spends much of its life sitting outside your home losing your money.