Why Car Leasing Companies Make Sound Financial Partners

Posted by Fair Lease on July 30th, 2017

Making ends meet can be a constant struggle for families in today’s costly world. After grocery bills and housing expenses are covered, many families are likely to find the budget for transportation leaves a lot to be desired. If all the benefits of driving a new car are desired without the large monthly payout, there is a way to make it happen. Car leasing companies can prove to be sound financial partners for families looking to stretch their budgets.

Auto leasing provides families a way to gain contractual use of a brand, new automobile without the major upfront and long-term costs associated with a purchase. While the end of a lease won’t result in a title being sent in the mail, the benefits over the years and miles can add up to significant savings for families looking to stretch their budgets. Here are just a few of the ways a car lease can fit more nicely into a family’s budget:

• The potential for lower upfront costs – While qualifications may apply, many people who work with car leasing companies will find they don’t have to make a big down payment or pay a security deposit. For credit-qualified customers, some lease companies waive these fees all together. Instead, the lease deal is finalized with the payment of the first month’s rental fee. That means a person who leases can drive away with a new car for a few hundred dollars up front rather than a few thousand.
• The likelihood of significant savings on monthly costs – Terms and conditions will, of course, vary based on the specifics of a lease, but this alternative to buying tends to cost a significant amount less each month. Most people who lease find they save about 0 a month on payments versus what loans might cost them.
• The removal of repair costs – New car leases put the onus of maintenance and gasoline purchases on motorists. But, repair costs are generally covered through new vehicle warranties. This means families can avoid the potentially costly hits breakdowns might represent.

Car leasing companies provide a way for families to stretch their transportation dollars. In doing so, they provide drivers the benefits of commuting in new cars without the potential financial drawbacks.

About Author
FairLease is a credit union owned company, FairLease follows a credit union philosophy of serving people, meeting their needs and providing the best product at a reasonable price. In essence, we want "lessees for life". That's why we work so hard to take care of customers and treat them fairly. In return, they get honest deals from a source they can trust.