The vehicle we drive says multitudes about who we are and what our status is. Generally speaking, we see a minivan and automatically assume a parent of five owns it to tote the kids around all day. Owning a dream car does not have to be an impossible feat – there are several manageable and affordable options to put yourself back in the “cool” status, even if you are a parent toting around little ones.
After all, if you get out of your car and walk away without ever gazing back at it – even briefly – you’re driving the wrong one! Statistics show that in 2017, out of all of the different makes and models of vehicles there are being offered, forty percent purchased American muscle cars.Trailing right behind that statistic, 30% of consumers chose mid-size luxury vehicles. People are waking up to the fact that owning a dream car is not as much as a pipe dream as once thought.
These days, many auto enthusiasts consider leasing a car to be a viable means to owning a luxury vehicle. It has become a mainstream way of financing and has a host of advantages to it as opposed to buying the car outright. For starters, leasing lets you enjoy your vehicle for a few years, but if you get bored with it you can trade it in for the newest model or another beautiful sports car you have had your eye on.
When looking to find your luxury dream car on lease, monthly payments are a lot less than purchasing because you do not have to reimburse the principal. You also don’t need a big down payment. You are, in its place, borrowing and paying back the quantity of money that the car devalues for the amount of time you possess it. Here are some other great benefits to leasing your dream car with manageable monthly payments:
•You get to drive it before the parts become worn and start to break down (and if they do, by chance, they will be covered under warranty.)
•The warranties generally include great service options such as oil changes and routine maintenance performances.
•You can drive the most innovative and equipped car out there with manageable monthly payments – a car that, without leasing, you may not have the funds for.
•Leasing completely eradicates the hassle of haggling and selling your car when it’s time to get another one.
•The trade-in worth remains the same.
•If you own your own company, you can write it off on your taxes as a business expense.
•If you want to purchase the car after the term has expired that option is always there.
•When leasing a car, you don’t need a big down payment.
As all these points indicate, there’s really no reason to be driving a beaten up old car. Even if your savings are scant, far from a down payment on a luxury vehicle, you can still get one through leasing. Driving a better, newer car isn’t just the privilege of the rich –it’s for anyone smart enough to lease.
But let’s say you are more interested in buying than leasing. What are your options for keeping your dream car affordable? A few things to keep in mind are: buying used, trying to get a car with a warranty, and taking your car to a dealership alternative for repairs. Because cars depreciate immediately after you drive them off the lot, purchasing a new-to-you used car is your best option for savings. Secondly, when you do buy a used car, try to find one with an existing warranty that won’t expire anytime soon. Finally, don’t get fooled into thinking you have to go to the dealership for repairs. For example, if you are seeking a standard oil change for your new BMW M5, going to an independent mechanic car save you as much as half on your BMW service and repairs. Be smart about your purchase and you won’t have your dream car stay a dream for long!