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Why Luxury Auto Leasing Can Be The Best Type of Auto Lease

Aug 17, 2007
Luxury auto leasing has become extremely popular in the last five to ten years. Luxury cars often retain their value at the end of the lease, and so the depreciation costs of the lease are smaller when compared to a more moderate vehicle. While it might seem a paradox, a luxury auto lease may give you the best value for your leasing dollar.

Unlike a traditional auto loan, usually a luxury auto lease will have a lower down-payment, and in many cases, lower monthly payments as well. A high-end car, like a fully loaded SUV, or sports car, can have an enormous monthly payment if you were to purchase the vehicle, but a monthly lease payment will be lower and much more attractive.

Leasing a luxury auto allows you to experience the pleasure of driving a luxury car for a few years, and then you will have the opportunity to trade it in for another vehicle, if you wish. If you like having an luxury auto that is always under warranty and comes with the latest options and safety features, a lease lets you experience this at a fraction of the cost of actually purchasing a vehicle. Most leases last around 2-3 years, which gives you time to enjoy the vehicle without experiencing any of the significant mechanical problems that can come with long-term ownership.

Finding a competitive luxury auto lease is somewhat different from leasing other types of vehicles. Luxury car dealers don't offer as many incentives because they don't want to be seen as discounting such an expensive purchase. You probably won't find many competitive deals in the newspapers, or on television, like you would for more of a low to mid-range vehicle.

Its better to work with companies that handle primarily luxury vehicles. Independent leasing companies that specialize in luxury auto leases will usually offer you the best deals. You can find many companies by searching online, and filling out an application for a variety of offers that you can compare. Another option is using a broker who will try to find the best overall financing for you.

If you are intrigued by auto leasing, don't ignore the luxury auto makes or models. The very features you are looking for in a lease, like affordability, and the enjoyment of a newer vehicle, are made for luxury auto leasing. Leasing a luxury car gives you the best of the many benefits to leasing.
About the Author
Amy Wells writes and reports on consumer
finance
. Looking for auto leasing information information? Find up-to-date
auto lease resources, methods, and consumer tips at: http://www.autolease.yourtechtool.com
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