Powerful vs practical
What to consider when financing a car
by Abi Moses on 14th March, 2017
So you need a new car. Unfortunately, opting for a loan or purchasing a vehicle outright isn’t quite feasible for you at this time, and a structured, monthly payment plan will fit in with your lifestyle significantly better. You’re going to lease a car, which means a deposit to meet your budgetary requirements and then a series of monthly payments for a set period of time before you’re presented with a few options about what to do next. The world is your oyster and you have to choose which car you’d like to lease - do you opt for powerful or practical? Both styles have their benefits, that’s for sure. Let’s discuss powerful vs practical.
The benefit of choosing a flexible and affordable monthly payment option for buying a new car is that it might open doors for you to choose a vehicle which you had previously deemed slightly out of your price range. This might, for some, be seen as an opportunity to choose an incredibly powerful car. In a way, this is one of the benefits of financing a car, that you are now able to feasibly afford vehicles which would traditionally be out of your price range. Consequently, one vote for the powerful category would be that you are actually able to afford one on finance, and as such could take advantage of this deal to opt for the car of your dreams.
To chalk up a point for a practical choice however, you might be looking at a lower and more affordable repayment cost which can only be a bonus, but not only that, if at the end if your leasing agreement you have the option to make a final payment and own the car, you could be presenting yourself with the opportunity to save for that final payment alongside your manageable monthly payments, and walk away with a reliable and practical vehicle that you’ve had a chance to test for three years!
In theory, a powerful vehicle will be easier to drive thanks to the fluidity it will offer you when changing from gear to gear. If your job requires you to drive a lot, or if you travel a lot with your spare time then choosing a powerful vehicle could be ideal for you. It is worth noting, however, that you will more than likely have a mileage agreement per year when leasing a car, so if you drive a lot it’s important that you agree on a number which you won’t easily exceed!
Both powerful and practical vehicles indeed have their benefits. It’s up to you to decide what your priority is when it comes to leasing your vehicle. Why not contact Car Finance Deals and we can help run through your options with you?