Zero ownership tax expense. No one escapes the inherent power of the State to impose and collect taxes. Owning any vehicle means paying for its tax. This is part of the expensive consequence of maintaining a car. It can really tear a pocket apart.
Purchase option. Lease contracts for cars give the lessee an option to buy the car upon termination of the contract. A lessee may fall in love with the car in the duration of the lease. Some cars can withstand prolonged use with proper maintenance checks. This opens the possibility for a purchase option. The good thing in this arrangement is that a substantial part of the monthly payments made are considered deductible to the final selling price. This is just an option at the discretion of the lessee. In case it is not favorable, the lessee may not consider.
Special Offers. Along with the contract of lease, many dealers offer great promotional rewards such as rebates, cash incentives, and discounts. The lessee gets to avail the promo commonly upon making the monthly payment on time. Some mechanics provide these rewards in a specific availment period to encourage customers. These promos have established a trend in car leasing.
6 month car lease gives the best advantage. The three major benefits of leasing vehicles are available to any lessee. The contract is good for six months. It is a perfect trial period to verify these beneficial factors of car lease.
