Comparison Between Leasing and Buying the Car

1. Comparison Between Leasing and Buying the Car

2. Whether to choose buy or lease. This has been a common confusion Whether to choose buy or lease. This has been a common confusion for the people wants to use the vehicle for commercial or personal for the people wants to use the vehicle for commercial or personal reasons. If we talk about the today’s situation which is because of reasons. If we talk about the today’s situation which is because of pandemic outbreak, any investment isn’t good. As the eco pandemic outbreak, any investment isn’t good. As the economy is nomy is down, and people are losing their job. The pandemic has equally down, and people are losing their job. The pandemic has equally affected the job creator and employees. So, in today’s time, if there affected the job creator and employees. So, in today’s time, if there is a need of vehicle, then you should look for vehicle leasing is a need of vehicle, then you should look for vehicle leasing company company i in Bangalore or the city you live in. n Bangalore or the city you live in. If If we talk about the common situation, then also vehicle leasing we talk about the common situation, then also vehicle leasing option is way better than owing a vehicle. Owing a vehicle gives a option is way better than owing a vehicle. Owing a vehicle gives a satisfaction of owning something, however leasing doesn’t. After a satisfaction of owning something, however leasing doesn’t. After a certain leasing person. The person has to return the vehicle certain leasing person. The person has to return the vehicle to the to the vehicle leasing company in Bangalore vehicle leasing company in Bangalore or whatever the city you live or whatever the city you live in. in.

3. Let us discuss about the main difference between buying and Let us discuss about the main difference between buying and leasing, so you could get some help in taking your decision. leasing, so you could get some help in taking your decision. Ownership: Ownership: The first and biggest difference between The first and biggest difference between buying and leasing is ownership. When you buy a vehicle, you buying and leasing is ownership. When you buy a vehicle, you own it for infinite time. However, when you lease a vehicle, you own it for infinite time. However, when you lease a vehicle, you will have to return to the company after leasing period. will have to return to the company after leasing period. Freedom to take action: Freed Freedom to take action: Freedom to sell you om to sell you care is another difference between buying and leasing. When care is another difference between buying and leasing. When you lease a car, you have the responsibility to return it in the you lease a car, you have the responsibility to return it in the same condition, and you can’t sell/rent it further to anyone. same condition, and you can’t sell/rent it further to anyone. However, in buying you have all the rights on your veh However, in buying you have all the rights on your vehicle. If icle. If you don’t want to use the vehicle you have anymore, then you you don’t want to use the vehicle you have anymore, then you could sell it somebody. could sell it somebody. Expenses: In buying option, you will have to pay a huge In buying option, you will have to pay a huge Expenses: amount of cost in the down Payment, and rest cost would be amount of cost in the down Payment, and rest cost would be divided into monthly instalments with interes divided into monthly instalments with interest. Along with it, t. Along with it, you would require to spend money on vehicle maintenance. In you would require to spend money on vehicle maintenance. In

4. leasing, all you have to worry about monthly lease instalments. leasing, all you have to worry about monthly lease instalments. Pay the lease amount on time, and use the car freely. Pay the lease amount on time, and use the car freely. Vehicle insurance: When you own a car, you must When you own a car, you must Vehicle insurance: buy the ve buy the vehicle insurance for the safety of you and your vehicle. hicle insurance for the safety of you and your vehicle. In leasing, insurance is already done by the vehicle company. In leasing, insurance is already done by the vehicle company. Mileage: In leasing option, there are some limitation on In leasing option, there are some limitation on Mileage: mileage. You suppose to drive a car for the decided distance. mileage. You suppose to drive a car for the decided distance. In buy option, th In buy option, there is no such limitation. You could drive your ere is no such limitation. You could drive your vehicle for any distance. vehicle for any distance.