Literature Car Leasing Essay - The Correct One

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Braxton Lamb
Professor Rebecca Morean
English Comp. 1201.533
13 March 2020
Car Leasing
How do you drive a brand new car worry free for the same payment as a used? Here is
why car leasing can be better than buying a new or used car. We have all seen the brand new cars
going down the road. We have all also pictured ourselves behind the wheels. And lastly we all
have asked how can I drive a brand new car worry free for the same payment as a used? Well the
answer is car leasing. Car leasing has adapted over the years for the better of the people. More
and more people are realizing it can be a better offer. The payments are the same and sometimes
lower than that of a used car, but with a brand new vehicle. Plus, you never have to worry about
a break down again. If something goes wrong the dealership fixes it penny free. See why car
leasing might be the choice for you.
The biggest problem with buying a car that most people face is the payment, or the down
payment. With leasing monthly payments are low and affordable and some don’t even require a
down payment. Also with a lease your term is more flexible than a bank loan; so if something
comes up in life you are not left sitting in the dust. With any car you are always worried about
what the next break will be. You wonder how serious it will be, and most importantly how much
money it will cost. Fret no more with a lease you have a warranty over the whole car, dearing the
whole lease term. So if anything breaks you don’t pay a dime. This don’t count routine maintains
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like oil changes, new tires, and etc. Also you will be driving the latest technology to keep you
and your family safe. When it comes time for your lease to end you have the option to buy the
car. To me this seems like the perfect way to buy one. You get to drive it around for a couple of
years and see how you like it. If you decide you want to buy it, you know what has been done to
it, and how it has been kept and drove. Leases are perfect for most people.
Although leasing has a lot of perks there still are some downfalls. With leasing the most
disagreed thing is you don’t own the car after you term is up. You also can’t build up any equity.
Another big problem that people face is the limited mileage. With leasing you are permitted so
many miles for your term. This can be very easy to go over. If you go over you can end up facing
a mileage fee. Also with leasing you have to take good care of the car because technically you
don’t own it. So if you put any dents and/or scratch in it you will be fitting the bill. These are
some of the disagreements people have with car leasing.
Like anything else misconception happen, some more serious than others. This happens
to be with car leasing too; some people think that anyone can just lease a car this however is not
true. You must have a very good credit score to lease a car. Often people think that you can walk
out of a lease at any time. This depends If it is and open end lease you are obligated to purchase
the car at the end of the lease. But if it is a closed end lease you must stick with it. That’s why
it’s always important to read the paper work and know for sure what you are signing. Lastly most
people think that their insurance price will stay the same. This is not true because depending on
the company they will require a certain amount of insurance; you can’t just have liability. Some
require “GAP insurance which covers the difference between that actual value of the car and
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balanced owed on it.” (Hanson Federal Credit Union) These are just some of the common
misconceptions people have on car leasing.
Now we have seen a lot of facts but let’s get back to what the question is. How do you
drive a brand new car worry free for the same price as a used? The answer is easy, car leasing.
Leasing is becoming more and more popular as more people see the perks. Who wouldn’t want
to drive a brand new car stress free of any breaks. Although there are a few downsides the perks
outweigh them. So now it is up to you, do you want to lease a brand new car? The facts are here,
the choice is yours, after reading this hopefully you too can see why car leasing is the better
choice.
Bibliography
“Buying vs. Leasing a Car.” U.S. News & World Report, U.S. News & World Report,
cars.usnews.com/cars-trucks/buying-vs-leasing.
“The Advantages of Leasing a New Car - the Pros.” Car Buying Strategies, Car Buying
Strategies, www.car-buying-strategies.com/Advantages-of-Leasing-3.html.
Hanson Federal Credit Union. “The 3 Myths of Car Leasing.” The 3 Myths of Car Leasing,
Hanson Federal Credit Union, 7 May 2019, go.hfcu.org/blog/3-myths-of-car-leasing.
Ramsey Solutions, Dave. “10367 - Ask Dave.” Daveramsey.com, Dave Ramsey, 29 May 2019,
www.daveramsey.com/askdave/saving/10367.
Reports, Consumer. “Leasing vs. Buying a New Car.” Consumer Reports, Consumer Reports, 19
Sept. 2017, www.consumerreports.org/buying-a-car/leasing-vs-buying-a-new-car/.

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Lamb 1

Professor Rebecca Morean

English Comp. 1201.533

leasing might be the choice for you.

some of the disagreements people have with car leasing.

misconceptions people have on car leasing.

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