It is increasingly common to select the leasing method to have a private car, although there are still many people who choose to buy a owned vehicle. We help you to know which option is best for you.
The tastes and needs of society are changing and, if a few years ago the purchase of a car was taken for granted, currently there are many people who give it up or take a different path to conventional.
This means that many drivers are already considering the option of leasinga long-term rental modality that offers many comforts and advantages, but that is not always financially rewarding.
The market is changing and it is not yet clear how it will evolve in five or 10 years
So, what is better for you? Buying a new or used car, or going for renting? We will try to help you answer the question as clearly as possible.
Before starting, do you want to know in depth what leasing consists of and what its main characteristics are? Then do not miss this article in which we delve into it.
1. How do you want to spend the money?
The first thing you should take into account is how you want to use your savings to have a car. Can you shell out a large amount of money and even pay for the car in cash? Can you deliver one ticket and finance the rest? Or is it more advantageous for you to avoid a large initial outlay and pay a monthly payment?
On this last case, opting for renting is the easiestsince you will not have to pay any entry or initial amount, since you will only pay a fixed monthly fee during the term of the contract.
2. How long do you want to have this car?
This question is really important, because buying a car practically forces you to keep it for at least 10 years to compensate for its acquisition. But, in that case, you must be clear that the type of vehicle you are going to buy is the one that will satisfy all your needs in the long term.
Large or small? SUV or sedan? Diesel, gasoline, hybrid or electric? With a C, ECO or ZERO label to enter the city without restrictions? How stable is your current professional activity?Could that affect the type of car you will need in the future?Will you telework, will you return to an office, will you need access to large cities, will you do many more kilometers, less?
The market is changing and it is not yet clear how it will evolve in five or 10 yearsespecially with regard to the advancement of electric mobility and the policies that the administrations will apply to combat the car with a combustion engine, on which they have clearly declared war.
Obviously, the renting option, in which you can choose the duration of the contract that ties you to a specific car model, allows greater flexibility when adapting your vehicle to changing needs. It is clear, if you do not know what your life will be like in the short or medium term, renting is the answer.
3. What use do you want to give the car?
Finally, you must ask yourself what kind of relationship you want to have with your car. Do you consider it a service that should be, above all, practical and adaptable to your needs as they evolve?
Or, on the contrary, do you consider that the car is an asset that you want to preserve in the long term and that it is more than just a simple tool? This obviously implies having it for at least 10 or 15 years and bear the risks and responsibilities of a vehicle that ages over the years.
If you have clear answers to these questions, then it’s time to do numbers and decide if the chosen option is economically viable. Naturally, other variables such as tax relief, devaluation of the vehicle, or the evolution of the second-hand market also come into play. In any case, we hope we have helped you.
Have you opted for the purchase of a vehicle? Do not miss our offers for new and second-hand cars.