Cars leasing is an option that is very much similar to rental process, the only difference is that you might not get a chance to own it the moment you select this option. Even if leased it is certain that the vehicle belongs to the dealer company. Unlike rental option, leasing certainly offers you with fixed period of time till when you can drive the vehicle. There are chances that you can try and lease cars for at least two to three years time. In any case, you are also expected to make payments on monthly basis to the dealer company.
Even if you have signed a legal contract with the leasing company still you have the convenience of getting out of it as and when desired. You can also try and opt for temporary termination of the lease contract. When opting for this option it is certain that you might have to pay upfront deposit to the company. In case the car faces any damages then the amount shall be deducted from the deposit.
More people select this option as it is very much convenient and flexible in terms and conditions. The fact is that cars leasing certainly does not force you to enter the contract for long terms. When purchasing brand new showroom cars it is certain that you are entitled to pay loan amount for at least 5 years from the date of purchase. Apart from this the time period is not flexible and you are not allowed to temporary terminate the loan payment options. The fact is that when unable to pay back the loan amount there is chances that you might loose both car and money.
If you are efficient then you can try and buy the car by making complete loan payment. With buying option it is certain that you are not having flexibility of negotiating with terms and conditions.
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