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Live in a city? Here’s why car leasing makes sense

Rob Teitelman

Transportation is key to living in a larger Canadian city, and while there are multiple types of travel available to use, such as relying on a friend for a ride, or taking public transportation, having a car to drive is certainly the most convenient. While public transportation is a great option, it can be costly and often unreliable, potentially delivering you to work late. Leasing a car is the best option, as it provides independence without sacrificing financial stability – here are a few reasons that Canadian urbanites should choose to lease.

Leasing a Car Creates Independence

Although relying on forms of local public transportation may seem easier, leasing a car gives you more flexibility. If you live in a big Canadian city like Toronto, Vancouver or Halifax, it is impossible to get around without a mode of transport. Having your own leased car makes it possible to travel as needed. You become independent and only have to rely on your own self to get you where you need to go.

Financial Freedom From Leasing a Car

There’s a very old argument still ongoing, namely whether it is smarter to lease or buy a car. Leasing a car means a lower monthly payment than buying one, which frees up cash flow for those big city expenses. Also, as long as you’re leasing, regular maintenance, as well as any breakdowns, are covered by the factory warranty. More options are available when leasing and there is more flexibility when it comes to picking models of car. Finance charges are higher, but the overall price of leasing a car is cheaper in the long run. Check out AUTO ONE Group who are the Canadian experts on this topic, for more information about the financial benefits of leasing.

Things To Consider When Leasing a Car

Like buying a car, you need to have a few models in mind. It is very easy to get suckered into coming away from the lot with a car that the salesman or saleswoman has talked you into. Having a knowledgeable sales person on the lot can help you get the best deal for your money, which is why finding a great dealership is a key to finding a great deal. Do your research on car dealerships instead of cars, and you’ll walk away happy.

It is also important to consider the use of the car in your daily life. If you live on the outskirts of a larger city, it is more likely that more kilometers will be placed on the vehicle, so taking into account simple things such as the fuel economy can be very important.

Leasing a car when living in a big city is an important financial investment. Although you are not creating any equity because the vehicle is never going to be yours, the maintenance and warranty are not of concern. Leasing a vehicle means less worry and more cash flow, making it ideal for city drivers. Consider leasing a car vs. buying when living in a big city.