Moving overseas is a huge life decision and takes a lot of detailed planning to ensure everything runs smoothly. One thing you may be pondering is if you should buy or lease a car once you settle in your new home abroad. It’s important to understand all of the benefits of leasing a car when you move overseas.
Not only will you not be paying any upfront sales tax, but you’ll also save a lot of money on monthly payments.
If we haven’t convinced you yet, here are some additional perks to leasing a car overseas.
Lower Monthly Payments
When you are leasing a car, you will generally be paying monthly payments that are 30% to 60% lower than if you purchase a vehicle. Moving to a different country can be an extremely expensive feat, so any cuts in costs can drastically help you manage your budget.
If you want to learn more about leasing cost benefits, read this guide here.
Enjoy the Latest Technologies
If you choose to buy a car, you will probably own it for six years or more. In that amount of time, tons of new automotive tech features will be released and you will most likely miss out on them.
Leasing a car gives you the freedom to drive a brand new model every two to three years. This way, you can enjoy all of the latest safety and entertainment features.
No Used Car Headaches
When your lease expires, you can simply return the vehicle to the leasing company. You don’t have to go through the hassle of trying to sell or trade-in your used vehicle to purchase a new one.
Moving overseas comes with a variety of stresses. Don’t add to your problems by buying a car that you’ll just want to sell in a year or two.
More Vehicle Choices
Variety is the spice of life, especially when it comes to picking out a new car. With a huge variety of makes and models available, your options are endless.
One of the biggest benefits of leasing a car is that you’ll get to experience driving a variety of new vehicles. Whether you want an SUV or a sports car, you’re not locked into driving one type of vehicle for years to come.
A Good Choice for Accident-Prone Drivers
When you own a car and wreck it, you’ll get hit with a “diminished value” when the time comes to sell your used vehicle. When you choose to lease a car, the diminished value isn’t your problem. It has to be taken care of by the leasing company.
Enjoy the Benefits of Leasing a Car Overseas
As you can see, there are numerous benefits of leasing a car when you move overseas. From saving money on lower monthly costs to being able to enjoy the latest technology, leasing a vehicle is worth it.
If you want to read more awesome automotive articles, be sure to check out our other blog posts.