Leasing a car and buying a car are two different things. Buying a car means you own the car. Leasing a car means the car is borrowed for an agreed period. It is really important to know the nitty-gritty of leasing before diving into it. A lease is a contract in which one party pays another party for the use of something (land, building, car) for a specific period of time. The car is returned to the lessor after the specified time has lapsed. People have different reasons for leasing, for example, they may prefer a newer car that comes with a warranty which probably requires very low maintenance. The amount paid monthly for a leased car is lower compared to the amount paid for a purchased car. It is imperative to check car lease clients’ feedback if you want to patronize a leasing company. Car leasing opinions will enable you to make the right choice. The below, however, are some of the mistakes to avoid before leasing a car.
Early termination of the lease contract
Don’t back out of the lease term. If the contract you signed is for four years, then use the car for that period of …Mistakes to Avoid When Leasing a Car Read More