Advantages Of Car Lease In Bay Area

By Author: Leonard Hughes
Total Articles: 2
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If you have shifted to Bay Area or come for holidays for a more extended period, buying a car is more expensive than leasing it. Car leases in the Bay area with affordable prices will give you the most updated models to enjoy your stay there. Also, for most people, buying a car usually makes more financial sense than leasing; however, if a lease is right for you, then below are a few advantages it offers.

Low Monthly Payments

Car leases in Bay Area result in monthly payments that are 30% - 60% lower than buying a car. It allows you to drive a vehicle that you may not afford, and perhaps the most significant advantage that leasing offers.

No Repair Costs, Low Maintenance

Car lease for 36 months or less typically covers the manufacturer's bumper-to-bumper warranty during your entire lease. Therefore, you don't have to worry about significant repair costs, and in some cases offers free maintenance for the first couple of years.

No Hassles With Used Cars

Leasing a car means you return the vehicle to the leasing company after using it—no more hassles to sell the car or maintain it if you ...
... have taken the car on lease. Also, you don't care about the value of the car at the end of the lease. There are some cases where leasing companies overestimate the car value, which results in a lower payment for you, and a loss for the car leasing company.

Tax Benefits

Car leases in Bay Area also offer to use the car for business purposes. You can write off the entire car lease amount as a tax deduction. And if you don't use the vehicle for your business, most states only charge tax amount on your lease usage portion, meaning you don't have to pay taxes on the vehicle's full price. It saves a few hundred dollars than buying a car in the Bay area.

Drive The Latest Models

Car leases in Bay Area allow you to drive a new car every 2 or 3 years and give you the benefit of enjoying the latest technological advances and safety features.

More Choices

Leasing a vehicle means no worry about its reliability because you're only driving it for two or three years. Most cars don't have any issue during this time and allow you to choose cars from the top models.

Less Money Up Front

Cars on lease with no money down as there are always going to be some upfront fees rolled into the monthly payment. However, when you buy a car, you usually require to pay 20% of the down payment to get a decent car loan rate.

Includes GAP Coverage

Most car leases in the Bay Area include GAP insurance for free that protects you if the car gets stolen or totaled during the lease period.

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