Disadvantages with car leasing
August 26th, 2009
By: MJ
a) There can be no tangible evidence to show for your money at the end of the contract. 2 years of payments will all be for naught once the contract ends.
b) One opting for car lease must start from scratch every time while a person who owns a car already has equity. Even though this asset of his depreciates over time, he still benefits the services it provides once the five year loan is over and he enjoys longer “free transportation”.
c) Cars for lease have a mileage limit. Car owners can drive their cars for as long as they like. They can also have a stained seat, door dings, and dents while not worrying about anything in the end since it is their property whilst leasers have to pay for every little damage that they do unto the car.