How To Tell If Vehicle Leasing Is Right For You

By Author: Robert Vadra
Total Articles: 32
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New and used car leasing is becoming more popular than ever. But it isn’t right for everybody. If you’re in Ontario and interested in driving a new car, but you’re on a budget or don’t like the idea of committing to purchasing, you might consider vehicle leasing. Leggat National Leasing works with their 14 franchises in Ontario and is here to help you determine whether or not car leasing is the right choice for you.

• On a budget? Many Ontario consumers will consider purchasing a used car when they’re on a budget and looking for their own vehicle. But sometimes used vehicles can have high mileage, which translates to a higher risk of a malfunction. Used vehicles are often sold without warranty as well, which means you’ll be the one paying for any repair, major or minor. Leasing a new or used vehicle is beneficial because you’ll typically only be responsible for routine maintenance – leased vehicles are usually sold with strong warranties.

• Cold feet? Some consumers just don’t like the idea of committing to a vehicle. Leasing is a great way to discover a new vehicle by driving it for a year ...
... or two. Once the auto lease term is up you can decide to purchase the vehicle for a pre-negotiated price or part ways and try something else. Those who opt for car leasing in Ontario often exchange vehicles every couple of years, trading in their vehicle for something new with a refreshed warranty. Leggat National Leasing offers an extensive range of makes and models – if you traded your vehicle in every two years, it would take over a decade just to experience all the manufacturers they carry!

• Have a business? Leasing is extremely beneficial for Ontarians who claim their car or truck as a business expense, as nearly all leasing expenses attributed to business can be deducted. You should consult with your tax advisor to see if vehicle leasing is right for you. Leggat National Leasing also offers fleet leasing and corporate auto leasing; visit their website athttp://www.leggatleasing.ca to discover the vehicle leasing solutions they offer to business owners and professionals.

Lastly, consider the amount of driving you do in a given year. Vehicle lease agreements place limits on the annual mileage you can put on the car so make sure you fully understand these limitations when reviewing your new or used car lease. Also, leased vehicles need to be well-maintained – any deep scratches, dents or signs of misuse can result in a penalty at the end of the term.

If you’ve decided that vehicle leasing makes sense for you, visit Leggat National Leasing at http://www.leggatleasing.ca to get in touch with one of their professional staff members and inquire about a auto leasing arrangement that’s right for you.