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FutureStarrMonthly Lease on 40000 Car
The car leasing business has been booming since 2013 due to increased interest in personal transportation. This has resulted in more people getting a seat in the luxury car market and it's with these customers that we believe profitability will remain high for the foreseeable future. We’re bullish on the industry and believe it will continue to attract strategic investors.
The choice between buying and leasing is often a tough call. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. On the other, a lease has lower monthly payments and lets you drive a vehicle that may be more expensive than you could afford to buy. But, you get into a cycle where you never stop paying for a vehicle. With more people are choosing a lease over a loan than they did just a few years ago, the boom in leasing isn’t stopping anytime soon. As car prices rise (now averaging over $38,000) and buyers start to demand the latest safety features that are available only on newer cars, leasing a vehicle has become a mainstream alternative to buying. With a lease, buyers make a monthly payment to drive a new car for a set term. That payment is often less than the monthly cost of financing a new vehicle, but buyers must return the car at the end of the lease term. (Source:
Buying a car with a loan isn't the way to go if you want to drive a new car every couple of years. Taking out long-term loans and trading in early will leave you paying so much in finance charges compared with principal that you’d be better off leasing. If you can’t pay off the difference on an upside-down loan, you can often roll the amount you still owe into a new loan. But then you end up financing both the new car and the remainder of your old car.In the short term leasing may look attractive to you because monthly lease payments will more than likely be less than the monthly payments of a purchase agreement. Why? Because with a lease you are essentially only paying for the part of the car you are going to use. It’s kind of like splitting the cost of a pizza with someone. You are only paying for the pieces that you are going to eat. In car terminology the part that is left over in a lease is called the residual value of the car. The higher the residual value of the car the less of the car you will use during the lease so you payments for the part that you do use (the lease) will be lower. (Source: www.onlineloancalculator.org)