When it comes to wanting a new car, there is some confusion as to whether or not people should buy the car outright or lease it from a third-party provider. The unfortunate thing is that the procedures for leasing a car and the terms and conditions that come with it are still unclear to many people and so this is an avenue that they do not explore. Many people wrongfully assume that if you lease a car then it is never yours and there will never be an option to sell it on at the end but this is on true because there are many new leasing options currently available that are designed to suit your lifestyle and also suit your financial situation.
If this sounds interesting to you then you can contact the professional and reputable Novated Leasing and they will explain how leasing makes a lot more financial sense than paying out money every single month to purchase a car. Many people also assume that you have to have your own business in order to be able to lease a vehicle but service providers like the above can now negotiate a leasing contract for you through your employer where the money is deducted from your salary every single month and so this just makes life so much easier.
If you’re still unsure whether or not leasing a vehicle is the right option for you then maybe the following benefits of doing so can help you to make better financial decisions.
- The running costs are included – What this lease provider does feel is to combine the payments for the car with the expected running costs so that you know exactly what you’re going to be paying out every single month and this removes the financial ambiguity. This is peace of mind that every vehicle driver needs alongside car accident insurance knowing that they don’t have to shell out additional money when it comes to maintenance costs for their vehicle.
- Payment by your employer – There are no direct debits that need to be set up for you to pay your lease because everything is done for you through your employer. In a very simple process, deductions are made from your salary through your employer’s payroll department and they pay the lease provider. This is one less thing that you have to worry about every month because you have enough bills that you need to set up direct debits to pay in person all the time.
The other selling point of this lease agreement is you end up paying less for your new vehicle because your leasing company has purchasing power and so this helps to save you money. You also get to pay a lot less income tax and you also get to claim expenses for your overall running costs. When your lease term is up, your third-party lease provider will also help you to sell your vehicle so that you receive a tax-free profit in your wallet or purse.