Lease a Vehicle in Calgary
Lease a Vehicle in Calgary
You’ve probably heard more than once that vehicle leasing is a bad deal. In many cases, it definitely makes more sense to buy a vehicle outright. However, this doesn’t mean leasing a vehicle is a bad move for everyone. Like any issue, there are pros and cons to leasing a vehicle in Calgary. Around 20% of all new car transactions are leases, so it’s clear that there are definitely people out there who love the thought of always driving around in a new car. What’s the best decision for you? Well, whether or not to lease a car depends on a lot of factors including how much money you have (both up front, as well as for a monthly payment), how much you drive, and how much time you want to spend on your car. In this article by Pfaff Leasing, we will take a look at some of the benefits you can experience when you lease a vehicle in Calgary.
Get a new car frequently
Leasing a vehicle in Calgary means you always get to drive around in a sweet new ride. For many people, this is an emotional boost that can’t be ignored. If you love cars and driving, this is a big perk. At the end of your lease, you can choose to buy the vehicle or return it for another lease in something different.
Few upfront costs
Speaking of costs, leasing allows you to get into a vehicle with very few “upfront” costs. You often don’t need a down payment (or if you do, it’s fairly low), your monthly payments are lower, and your sales tax is going to be a lot lower since you only have to pay tax on the value of the vehicle you actually used.
Less maintenance issues
Because you’re always driving a newer car, you usually don’t have to deal with the regular maintenance issues that car owners face as their vehicles age. You turn in your car before all those problems start showing up (e.g. bad brakes or shot transmission). If you lead a very busy life, or you’re on the road a lot, this is one less stress you have to deal with.
Residual value is locked in at the beginning of the lease
Residual value is what the vehicle is worth at the end of a lease. This value is locked in at the beginning of the lease. Model re-designs or demand changes will not affect the value of the vehicle at the end of the lease term. This is probably the single most important tip to a good lease deal, which is to find a vehicle with good residual value.
If you are looking to lease a vehicle in the Calgary area, then Pfaff Leasing wants to work with you. Our team will search across our great nation to find you the right vehicle that suits your needs. For more information about how you can lease a vehicle with Pfaff Leasing, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.