When Does Leasing A Used Car Make Sense
by jimlive Posted on Thursday, October 5, 2017
New car smell. Like puppy breath and baby skin, everyone claims to love it. When you’re a company manager looking to save money on vehicle leasing, however, the thing you want to be smelling is a bargain on your leasing requirements. If a car a year old is depreciated by over 30 percent based on usage it can sometimes make sense to lease that car over its brand new equivalent. A good fleet management company can show when leasing pre-owned cars rather than new ones makes sense.
Used-car leasing is a relatively small segment of the used-car market. However, the advantages to leasing pre-owned cars have improved as car manufacturers and used car leasing companies have recognized the growth potential in the market.
Used cars can come with much more modest payments than models just off the showroom floor; with extended factory warranties and more reliable technology, the chances are you could satisfy your used car leasing requirements with a “certified” car that reduces the risk of driving used vehicles. There are other benefits as well, including a hassle-free return at the end of the contract and lower monthly payments due to the decrease in anticipated depreciation as the vehicle ages. All this adds up to a pretty solid case for leasing used.
Before you start shopping around for used car leasing companies, consider your options. A reputable fleet provider can not only manage your fleet, establish efficiencies and develop a credible fleet cycling policy, they can also lease new or used vehicles depending on your needs and budget. In other words, it’s vehicle leasing made easy. Naturally, there are things you will want to consider before signing any contract. If you’re working with a dealer, feel free to bargain down the price in the same manner you would if you were negotiating a new car purchase. Research the warranty to minimize your risk and check the limits on kilometers spelled out in the lease contract. Or your fleet provider can do the all the leg work for you, as well as checking the vehicle’s history to ensure it’s never been in an accident and of course, always have the vehicle inspected.
Your vehicle leasing partner can work with you on used car leasing strategies designed to help you save. Learn more. Visit Jim Peplinski Leasing at http://www.jimpeplinski.ca/.
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