subject: Why Short Term Car Lease Is Better Than Traditional Car Lease [print this page] A car lease is the best possible option if you need a car but you cant afford to purchase a new one. Traditionally, a car lease is available for a time period of three to six years. However, if for some reason you only require a car for a shorter period of time then you would have a problem with a traditional car lease.
If you get a car lease for three years and you do not require it after a year, you would either be stuck with the car for the next two years or you would have to pay a hefty penalty in order to get out of the car lease, neither of these options are economically sound.
In such a scenario, there are two options available. If you want to get a car for a shorter duration you can go for a take over car lease, in which you assume a car lease from someone else who wants to get out of a car lease. If a person has a car lease for five years and he wants to get out of it after four years than you can simply take over car lease for the remaining period of one year.
Another option is go for a short term car lease, these are better since in this case the dealers themselves offer a short term car lease on a car of your choice for a period of three to twelve months. As in a traditional lease, at the end of the period of a short term car lease the car has to be returned to the lease trader. These are perfect for people who are visiting a country for a short time and only require a car for a few months. In certain cases people like to upgrade their cars very often, and a short term car lease offers them the flexibility to do just that.
The benefits of a short term car lease are as listed below:
This kind of a lease gives you the flexibility to regularly update your cars and get better models.
A short term car lease offers you full flexibility. There are lease contracts for even a short period of time like 28 days available.
If you do not have a constant requirement of a car and your needs differ from month to month then a short term car lease can be perfect for you.
These are very cost effective since you do not have to pay monthly installments towards the lease for a long period of time if you do not require the car. Secondly, most short term car lease contracts include maintenance services, which can save a lot of your valuable money.
So for those who do not regularly require a car, or do not require it for a longer time period, a short term car lease is perfect.
by: Sofia Moore
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