Fin109 Ao1 M1A3

Some advantages to leasing a vehicle include modifying your car in whatever manner you choose, including painting the vehicle and adding any aftermarket accessories you'd like. There also disadvantages such as if your warranty expires and you experience mechanical problems with the vehicle, you're responsible for the repair costs. As your vehicle gets older, you can expect to incur repair and maintenance costs. When leasing you can have rewards such as allowing consumers to drive a new vehicle every few years depending on the length of the lease program. Moreover, most leased vehicles are comprehensively covered under a manufacturer's warranty during the length of the lease, allowing consumers to own a more expensive vehicle without the worry of large maintenance and repair bills. There are also minuses, most vehicle leasing programs have a yearly mileage limit. This means that you can only drive your vehicle a certain amount of miles every year without paying a penalty at the end of the lease term.

I would negotiate the capitalized cost of the vehicle. The dealer will want you to lease the car at its sticker price, but you should talk him or her down as far as possible, just as you would if you were buying the car. In order to know what a reasonable price is, follow a similar process to the one described in the purchasing section. I will need to make sure to understand what conditions will end up costing you extra. For example, what is the mileage limit, and how much is the penalty if you exceed that limit? The per-mile charges can be extremely high.

Reference

Philly.com (2008, February 26). Buying vs. Leasing. Retrieved May 26, 2014, from http://www.philly.com/philly/classifieds/cars/research/new_cars/New_Buying_vs_Leasing.html