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Car Leasing Directory Can Help You Find The Right Leasing Company Car leasing is an excellent option for people who want to drive a car but want to save more money at the same time. Car leasing is an excellent manner to rent a car for a short period of time. Since car leasing is only for lease, there is no ownership involved in this matter. Car leasing requires some deposit and this thing has to be considered all the time. This initial deposit is non-refundable and is an excellent way for the leasing company to safeguard themselves. After the initial deposit, any person or company offering car leasing will pay an amount per month as agreed upon by both the car leasing company and the individual. The renter will have the freedom to decide the duration of the car lease, but usually the car leasing company usually offer two to three years. Car leasing is not the same as taking out a car loan. The largest payment method that is required is the initial deposit and that is only about 1, 2 or 3 months total of the monthly rent payments. This enables the person or company leasing in order to keep their money in a high interest bank account and to make the car lease payments as a part of their living expenses monthly. This can be especially beneficial to companies that want to rent a company car. They can take the payments out of the operational expenses as compared to the capital expenses.
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Since the lease will usually be less than three years, the car will always be covered under the warranty and terms and it will not require an MOT. In other words, that the person or company offering car leasing will not need to worry about principal repairs. The only things the individual car leasing needs to worry about are routine services like the oil changes as well as the consumable items like the tires. Throughout the first three years, these items are not usually an amazing expenses.
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Another benefit to car leasing is that a person or company may alter their cars every few years. This is beneficial for many reasons. The first ground being that the individual or company will not need to worry about the break down of the car all the time since it gets older and turning out to be more of a burden other than an asset. Another benefit to leasing is that the individual or company will get the latest car every two or three years. If you do not want to pay full for car ownership, then car leasing works for you. It is not necessary to try and sell the car prior to getting another car.