Pros and cons of livery leasing

Pros and Cons of Livery Leasing TLC Auto Leasing

Buying a Car Buying a car is a simple and straightforward process. You can borrow money from a bank or a financing institution and then make monthly payments until the loan is paid off. As the payments are made, your equity in the vehicle gradually increases and eventually it is yours when all payments are done. In this scenario you can keep the vehicle for as long as you like and you can do whatever you want to it like adding accessories, upgrades, and getting a new paint job. The only downside is that all these modifications may lower the resale value of your car. Since you are basically paying back the entire cost of the vehicle (including trade in and down payment) a loan’s monthly payments are higher than when leasing a car. Also when you want to get a new car you will have to find a buyer or trader for the old one.

Livery Leasing On paper, leasing can be much more appealing than buying. The monthly lease payments are also much lower than loan payments. After using the car for the trouble free two to three years of its enjoyable life, you can take it back to the dealership and lease a new one or just simply walk away.

Advantages to livery leasing include: • When you are leasing a vehicle usually there is no down payment required and if there is it is a low payment.

• With livery leasing you can drive a more expensive and better equipped car than you would otherwise be able to buy.

• Leasing a car also allows you to drive the latest model that is still covered by the manufacturer’s warranty.

Disadvantages of Livery Leasing Even though leasing a car seems like a good option, it comes with its set of disadvantages: • Livery leasing can eventually cost you more than a loan of equivalent an amount, due to the higher rate of financing charges.

• Once you develop a leasing habit, the monthly payments can go on forever. While the longer you keep the car after a loan is paid off, the more value you can get out of it.

• When you lease a vehicle you have a limited number of miles in the leasing contract, usually between 10,000 to 15,000 miles a year. If you exceed this limit an additional amount of money has to be paid to the dealer ship for every extra mile. While if you drive less there are no rewards.

• You are not allowed to modify, customize or alter your vehicle in any way.

• Getting out of the lease before it ends can result in early termination fees and penalties which can cost a lot of money.

This Presentation was Created on The behalf TLC Auto Leasing

TLC Auto Leasing giving you facility to drive your own best car. Contact us for detailed info.

Website: http://www.tlcautoleasing.com/ Our Locations: Call Us: 347-727-2600 Jerome Ave. Bronx, NY 10453 Call Us: 845-501-8300 73 North Route 9W Congers, NY 10920 Call Us: 347-727-2600 1045336 Cottage Street Portchester, NY 10573