If you are considering acquiring a new car but cannot figure out whether to lease or buy your car, here is an overview of the various factors that you should consider before making your decision.
There are many circumstances that affect whether you should privately lease your next car or whether you should buy it. Such as how stable your life is at this time, how risky you are and how often you want to change your car. However, you should also be aware that there may be some additional costs associated with private leasing. These are all factors that you should consider before making a private lease or purchase decision.
The stability of your life has a bearing on whether to lease or buy
To assess whether leasing is for you at all, you need to know how much you want to run during the lease period. Therefore, it may be advantageous to lease your next car if you have a “stable life”.
The stability of your life influences whether you should lease. The reason for this is that you need to know how many kilometers you have to drive during the lease period. The typical lease term is 24 months – and upwards. This means that you need to know how much you drive several years ahead.
So while it may seem obvious to lease your car after graduation, due to the low initial pay and a financially manageable monthly allowance, you should consider this vigorously before jumping into private leasing. As a recent graduate, you often do not have “stable life” and may want to change jobs or start a family, which can affect the number of kilometers you drive.
Therefore, leasing is more suitable for a more stable lifestyle and for people who have had the same job for a number of years and who have stable privacy. Those who know exactly how far they drive each year. However, you still need to be aware that you have to pay for insurance, fuel and green ownership tax yourself.
How big a risk do you want to take?
Private leasing can be an advantage if you want security in your finances as you have a fixed monthly payment. The monthly allowance is determined based on the number of kilometers you expect to drive during the lease period, the type of car and the length of the lease period.
The fixed benefit includes workshop bills for ordinary wear, service, and maintenance.
If you buy your car, there may be a number of unforeseen expenses e.g. in the form of workshop bills, service inspections. This can quickly run out and turn into a lot of money, which could be saved by a lease.
How often do you want to change the car?
Whether you need to lease or buy depends on how often you want to change your car. If you want to change the car often, every two to three years. It may be worthwhile to privately lease your car since you have low first-time performance in a new car.
However, if you want to keep your car for a number of years, you should buy the car. Like the car, after the lease expires, it must be returned to the leasing company. According to SKAT, it is a credit purchase agreement, which means that it is not possible to buy the car back after the lease expires.
However, if you choose to buy a car, you have the opportunity to sell your car again, which you obviously do not have when leasing. This will allow you to make some of your money back. The selling price of your car depends on a number of different factors, of course, what brand and model the car is. Furthermore, the selling price is also affected by how well maintained your car is, whether it has just gone through vision, how many miles it has driven and a host of other factors.
Can there be unforeseen costs of private leasing?
There may well be some unforeseen expenses associated with your lease if you are not aware. For example, if you having driven more than the agreed number of miles, this can be a costly pleasure. It can cost around USD 1.20 or more per day. over kilometers.
If you drive less than the agreed mileage, you will get money back from the leasing companies – it is not exactly the same amount as you have to pay if you drive more than the agreed amount. It is usually about 25-30 øre per year. undercut miles.
Therefore, it would be a good idea to be a little optimistic about how many kilometers you drive during the lease period so that you avoid paying a fortune after the lease has ended.