The author loves their car but gets jealous when seeing newer models. They are interested in leasing but want to understand the benefits and cons. Some key benefits of leasing include being able to drive the latest models, lower down payments, and more vehicle choices. However, disadvantages include an inability to customize the vehicle, early termination fees, and limited annual mileage.

1. I love my car.

2. I love every feature that it offers such as the
Bluetooth or hands-free calling.

3. I love the stereo, and the GPS that is built
into the dash.

4. I do however get jealous when I see
someone else driving a model year newer
version of the car I drive.

5. This gets me to start thinking what features I
may be missing out on due to the model
year difference.

6. I then remember that I’m still financing the
model year that I’m currently in, and have
another year left until the vehicle is paid off.

7. I have heard of this purchasing option called
leasing, and I wonder what the benefits are
of leasing a vehicle.

8. I also want drivers to be aware of all of their
options for purchasing a vehicle, and so I’m
going to inform you of the benefits and cons
of leasing a vehicle.

9. One of the first benefits that drivers can
enjoy when leasing a vehicle is that they can
drive the latest vehicle model of their choice
depending on the length of the lease.

10. With this being said the vehicle is usually
covered within the manufacturer’s warranty
in case something happens.

11. There are also financial benefits to leasing
versus buying a vehicle.

12. The first is that there is often no down
payment, or a very low one making it easier
for people to afford to lease the vehicle of
their dreams.

13. The next benefit is that drivers that lease
vehicles have a wider selection of choices
when they are selecting a vehicle due to the
flexibility that leasing offers.

14. The first disadvantage of leasing a vehicle is
the prohibition of customizing the vehicle.

15. This being said, if you decide you want to
upgrade your stereo in the car that you are
leasing then you would be violating the
terms of the lease.

16. The next disadvantage is the early
termination fees associated with needing to
cancel a lease early.

17. The fees are also then due right up front.

18. This could mean that you might have to
spend the same amount of money to cancel
the lease that you are expected to pay just
to finish the lease.

19. The third disadvantage of leasing a car is the
limited amount of miles that drivers can put
on the vehicle annually.

20. If you are someone who likes to take road
trips then leasing a vehicle may not be for
you.