Luxury Car Leasing; An Affordable Way To Luxury?
by TERRY BOLTON
Luxury car leasing is an option for many - both big and small - companies today. Companies today are constantly searching for new ways of limiting their expenses. It is a necessary adjustment to increased competition in most markets. Most of them are also on the hunt for new ways to reduce their tax payments as well as eliminating assets not associated with the core of their business. Such adjustments are always made and sometimes this helps other businesses flourish while others end up with serious challenges to cope with. Things like the above mentioned are the main reasons why leasing exists.
If you are a big company like IBM and want to purchase high end cars for your sales division, you don't have to spend millions of bucks to do it. It isn't financially savvy thinking that the focus of IBM is technology. A much better idea would be to look for a luxury car leasing plan and save that money for a new lab or a new product line.
I Am Not IBM or Another Company, Can I Still Lease A Luxury Car?
Luxury cars are costly. If you expect that the average salary of a recent engineering graduate can go from $40,000 to $50,000 per year, then you can understand the real dimension of the value of a luxury automobile. However, the fact that it is so expensive shouldn't be a reason why you can't purchase one. Actually, that's a superior reason for luxury car leasing.
In a luxury vehicle leasing you won't have to pay for the total value of the car. The monthly payments can be as low as half of what you pay on a typical loan. How is that possible? Well, it's pretty simple. You are only paying for a pre-determined value of the vehicle. As soon as the lease is finished you can chose between paying the difference (the part of it's price that hasn't depreciated), or let the leasing company keep it.
It's very similar to renting, only that you have the first option for purchasing. The nicest thing about this instrument is that you have the option of investing the part of the money that you didn't use. Let's say that the lease has a 3 year period, then you can make that funds work for you. It's quite probable that you can make a good roi through any kind of security.
What To Consider When Looking For Luxury Car Leasing
A cardinal 'sin' that many people make, not only in the automotive industry but with regard to contracts and deals in general, is not to read the fine print that is always a part of a contract. So the first thing you should do is to read this fine print. You should sit down and read the entire car leasing contract very carefully and if you have any questions about what you read, write them down and ask - don't hesitate to ask if you have questions. Make things clear upfront. Here is an example; in the car leasing industry every leased vehicle comes with its' own insurance. Did you know that? It is impossible to separate leasing and insurance. Just so that you know, many leasing companies make their main profit from the insurance.
Terry Bolton is and internet publisher of automotive stuff. Read his useful and popular articles about buying cheap used cars and how to buy car insurance online for a decent price
