If you want to keep your overall finances under control do your very best to shop for a car that truly fits your budget. For many people this may mean deferring that dream car. But maybe not!
With stellar credit and when all the parameters are right...a lease may allow you to capture that dream now rather that later. Ownership just may be way too much overrated!
Not so long ago, a major factor in the U.S. auto market's recent deterioration found itself with a large number of people who took out car loans they couldn't afford. These people had the dream of owning that car one day. Worst case scenarios included 'repossesion'. Other cases manifested in being upside down on their car loan. This is nothing new. In fact, back in 2010, 21.8 percent of Americans who bought a new car still had an average of $3,789 in negative equity on their trade-in, according to reliable industry analysts. I wonder how many of these people could have benefited from a lease?
A lease is an effective way to avoid that 'negative equity' situation. Just one benefit. One to think about seriously when household budget are tight.
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