At Hastings Cheapest Cars you will find
not only
the best quality used cars at
Peninsula's cheapest prices -
but also a huge range (new stock
arriving daily) and a friendly team
ready to help you!
The concept of leasing is a well
respected financial concept that has
long been used in the business world as
a method of financing buildings,
equipment, and vehicles — although it is
still relatively new to most automotive
consumers.
As with any business transaction, the
key to successful and intelligent auto
leasing is understanding how the process
works, taking the time to properly
prepare yourself before making
decisions, and using it to your benefit
rather than your disadvantage.
You need to have a basic understanding
of leasing concepts, and you need to
deal with people whose leasing expertise
and overall business integrity is beyond
reproach - such as Hastings Cheapest
Cars.
As recently as ten years ago, many automobile
consumers had never heard of leasing, much less
done it. Now, approximately a fifth of all new
cars, trucks, SUVs, and vans are leased. After a
slowdown during the last few years because of
aggressive zero-percent loan programs, leasing
is once again growing in popularity. Just look
at the volume of lease ads in your local
newspaper and on TV to get a notion of how
popular automobile leasing has become.
Two factors helped cause the shift to leasing.
First, the cost of new cars has rapidly spiraled
upwards over the last few decades, often putting
prices out of reach of average buyers. Second,
federal tax law changes in the late 1980's
eliminated finance interest deductions on
automobile loans, which further increased
ownership cost. The net effect is that people
have become increasingly eager to find ways to
make personal vehicles more affordable.
Auto manufacturers and finance companies have
come to the rescue in a big way with consumer
leasing programs. These programs are simply a
modified version of business leasing that have
been around for years. This helps explain much
of the strange language and confusing concepts
associated with consumer leasing today.
Why is leasing popular?
In a nutshell, leasing has become popular
because it offers people a way to drive the
vehicles they want — often better vehicles than
they could buy — for less money and less hassle.
Low monthly payments are the big attraction,
although we'll soon find out why it's important
to look at other factors before deciding to
lease.
Is leasing for you?
As attractive as it may be, leasing may not fit
everybody's needs and lifestyle. Furthermore,
leases can be somewhat more complicated than
new-car purchase loans and require greater care
and preparation in order to get a good fair deal
— and avoid problems. Some people will discover
that leasing offers them no benefits and that
they should not lease. Others will realize that
leasing is right for them and that they can
benefit greatly.
