Most Common Myths About Vehicle Leasing

1. Most Common Myths About Vehicle Leasing When it comes to vehicle leasing people compare it with renting and get confused about the entire concept. In today's time, everyone believes in saving and looking for the best option for the same. Vehicle leasing is one of those options that give you all the freedom of owning a car and that too on an affordable budget. However, when you try something for the first time, a lot of confusing thoughts interfere with your decision. These confusing thoughts usually generate due to myths floating around. In this post, we'll try to eliminate common vehicle leasing myths so it feels easy for you to make a decision. So, let's get started: Vehicle Leasing in Brief: Vehicle leasing is basically the process where you pay a monthly fee to use a car for a certain period of time. With car leasing, you don't buy or own the car; instead, you return it at the end of your lease period. At this point in time, car leasing company India will give back your car to its owner and you will be charged a certain amount for the car that you have used over a period of time. Vehicle Leasing Myths:

2. Following are the common myths: You Don't Own a Car: “I'm not buying a car; I'm just leasing it." If your car lease as per the terms and conditions of car leasing company India, then they will own the car during your tenure. You can use that car for as long as you pay them their monthly fee. And once you stop paying them their fees, then car leasing company India will own the car. You can use it as long as they allow you to use it. Leasing A Car Is Wastage of Money: It is not. If car leasing company India doesn't allow you to use the car, then how can it be a wastage of money? Also, car leasing company India gives you a certain time period for which they will keep the car in your possession and if during that period, you stop paying them their fees then car leasing company India can take the car away from you. That is the only difference. Pay Charges for Extra Mileage: If car leasing company India gives you a car for a certain time period and you cross the mileage limit, then car leasing company India will charge you extra. Even if car leasing company India doesn't have a mileage clause written in it, car leasing company India will still charge you according to the general rule of the car leasing industry. Car Leasing Is for Business People Only:

3. Car leasing is not only for business people. Anyone who wants a car and can afford its monthly fees can opt for car leasing. The car you will get as per the car leasing company's car lease agreement is just simple and that too with all the necessary insurance coverage, car registration etc. In fact, car leasing has become one of the most popular car-buying options. Overall, there are many car leasing myths that stop people from leasing a car. But when you know all the facts about car leasing, it feels much easier to take your decision.