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Many people are erroneous in their assumption that people that lease are trying to pretend to be something that they are not and truly canai??i??t afford the vehicle that they are purchasing. This couldnai??i??t be further from the truth, however, there are some negative aspects of leasing as well. The number one perk of leasing a vehicle is that itai??i??s easier to obtain a brand new vehicle without having to worry about a large down payment, etc. In a few years, youai??i??ll be able to take advantage of having a new vehicle again and donai??i??t have to worry about costs such as new tires, engine repairs, etc. Some of the negative aspects are; that you never truly own the vehicle, you acquire equity in the vehicle and eventually, have the option of buying it outright, however, the cost far exceeds the original cost of financing the vehicle. Additionally, you are subjected to mileage limitations and the possibility of owing the leasing company for damage to the vehicle and improper maintenance such as failure to have oil changes and other procedures. Since cars depreciate so quickly, sometimes it is in the consumers best interest to lease as oppose to finance, but everyoneai??i??s situation is different, so you must chose the option that is most appropriate for your given financial situation.
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