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Pros and Cons of Leasing a Car

3024 Views 5 Replies 6 Participants Last post by  LilyanaReynolds

Leasing can be a convenient choice for some and here are some of the pros and cons of this option.

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Awesome article! was thinking about this when buying a new car
Cool article! I am still not sure about getting a leasing but considering how much a new car costs this might be just the best and only opportunity for me :).
When you don't have your own car or it was broken you always can take it on leasing so there are only advantages of this service.
Thanks for the article, very useful information
Hey everyone! I've been thinking about leasing a car recently and did some research on it. Here's a quick rundown on the pros and cons, hoping it might help you too. On the plus side, the monthly payments are usually lower than buying, you can easily upgrade to the latest models, and there's no need to worry about the car's long-term value. However, there are also downsides like restricted mileage, potential extra costs for wear and tear, and no ownership at the end of the term. Funny enough, I was talking with my friend who's a Mortgage Broker in Basildon the other day, and they mentioned how car leasing can actually impact your credit score. Just something to keep in mind if you're considering it!
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