3 Things You Didn’t Know About Leasing

3 Things You Didn’t Know About Leasing
There are many misconceptions when it comes to leasing, which is why many people stray from doing it. However, leasing a car can be the superior option to buying depending on the person. Read ahead to learn more on leasing and see if it is right for you.
Many people think that once they sign a lease, they are stuck with it until the end of the lease. Not only is this completely false, but many leases actually do end early. Although a buyout is required, you are still not stuck with your vehicle until the end if you don’t want to.
Another common misconception about leasing is that it is not a good deal. While leasing can be a worse deal than financing a vehicle, this is only true if you own the vehicle well past when the loan has been paid off. Unless you keep your vehicle for a long time, the person who leases generally has the better deal than the person who finances.
Finally, many people think you’ll have to pay massive fees when you eventually turn in the vehicle. It is true that you get charged for every kilometre that you go over, but you can just purchase the car outright it that’s a big issue. Also, by picking a lease option that allows for a larger kilometre limit you won’t have to worry about running into this problem.
Patrick Britton