Is it better to lease or buy an exotic car

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Is it better to lease or buy an exotic car

When it comes to buying a new car most people choose between leasing and buying. The merits of financing a new car or leasing one have been debated endlessly, and now you’re going to get to join in on the debate. If you are wondering if it is better to lease or buy your next exotic car, then you are in the right place to find answers. At Pfaff Leasing, we have a very large selection of high-end exotic vehicles that are waiting for you to get behind the wheel. However, some people may not want to throw down all the money at once in order to buy one, so leasing provides them with a great chance to test out the vehicle. In this blog by Pfaff Leasing, we take a look at whether or not it is better to lease or buy an exotic car. 

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Only pay for what you use in a lease

Leasing is a lot different than financing, but often it is the right choice to make when considering an exotic vehicle. When you lease, you are paying for the depreciation plus monthly rental charges. You pay for what you use! This results in payments that are almost always lower than financing payments.

Leasing offers you many options 

Leasing offers you many options and it’s ideal for people who want to change their exotic vehicle every few years. The kilometer limits are not that restrictive and can be modified to suit your needs and style. What’s more, at the end of your lease you can choose to buy the car, extend the lease, or upgrade to something different.

Leasing allows you to test the vehicle first if you are unsure 

Another scenario to consider is the “Not sure” factor. If you are not sure if the vehicle is what you will expect or if you’ll want to keep it for a long time or just a short time, you have options. Leasing can allow you to essentially test the vehicle during the rental period, and if you decide you really like it and would like to continue owning it, you have the option to purchase the vehicle for the residual value.

If you like the exotic car, buy it when the lease is done 

You can purchase it outright or finance the balance. Whichever works best for you. Some even find that there is equity at the end of the lease due to the nature of these types of exotics retaining such good value. Why give it up when you can buy it and have positive equity in your asset!

If you are still unsure if you want to lease or buy an exotic vehicle, then we encourage you to get in touch with a Pfaff Leasing representative today.

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