Leasing and Its Perceived Black Eye
It’s ironic that leasing has such detractions associated with it, when in reality it’s probably the most useful tool we have to maintain a vehicle for our personal use. We have listed three reasons we think leasing gets a bad reputation from those not familiar with the benefits.
Non-Ownership – It’s possible that there is a comfort level we experience with ownership, which is absent in leasing, that is off putting; however that comfort or familiarity comes at a price. With ownership you experience a brisk depreciation of your asset and must you engage in the process of selling the vehicle when it has completed its service.
You must ask yourself what you are trying to achieve. Do you want to own another asset, or do you want to make use of an asset in the most economical way possible? If it’s the second, then ownership is not necessarily the best option.
Remember this: no one really buys a car. They really buy its use, which is why as soon as its usefulness is diminished they sell it.
No equity Build-up: This is a big misconception to which we devote a full page. It’s called “Elephant in the Room and No One is Talking About It” please visit that page. It should clear some of the reservations people usually voice.
Common Misuse of the Program: Maybe it’s because leasing was initially designed by manufacturers to move an ever price-increasing inventory, or in our opinion, the reluctance to considering leasing is a result of what the popular western culture morphed leasing into. Pop culture used the affordability to enhance their perceived net worth, to look more affluent.
Leasing made it possible for someone who could normally only afford a Toyota to drive a Lexus, or if you had a Nissan Maxima level salary you could now drive an entry level Infinity. We call this “plastic fantastic” because it’s all about the show, but it’s not the same here in Israel.
In Israel we live within a more reality-based existence, we don’t experience the same “keeping up with the Jones/Cohen’s” phenomenon that we did in the west. Here leasing is more a function of protection of assets than that of embellishment of financial or social stature.
Our income generation here in Israel is not at the same level as it was in the west and our cost of living is more. Leasing gives us the ability to pay only for the use of the car and protects our cash reserves at the same time. Down payments are less as are the monthly payments. Since leasing is for new or 1-3 year old used cars we experience less repairs, enjoy better fuel consumption’s and best of all the depreciation that all cars experience are no longer factors. Visit our site please at this link Ianglo Leasing to continue your investigation of this fantastic financing option.