Do you like long drives or enjoy being behind the wheels of a swanky car as you go on a vacation with your family? But what if you don't own a car or do not want to take your expensive car to an unfamiliar place? You can still enjoy all the trappings of driving a car without owning it. Sounds interesting, right? This is possible with a car lease. You can opt for a car subscription for short-term travel needs.
What is a car lease?
A car lease is like renting an apartment. You use it for a pre-determined period without worrying about depreciation or resale value. And when you're done, you simply return it. But when it comes to short-term travel, things can get a tad more complex.
This article provides comprehensive information on car leasing for short-term travel needs and the benefits of a car lease:
What is a short-term car lease?
A short-term car lease allows you to drive a vehicle for a limited period and a predetermined number of miles. Typically spanning no longer than two years, these short leases can be an ideal solution for your temporary mobility needs.
A brief overview of a car lease tenure
Although lease tenures usually range between two to four years, a short-term lease tends to last for just 12 months, making it an excellent option if you only need a vehicle temporarily. Whether you're relocating or merely considering buying a new car, a short-term lease can buy you some time without any long-term commitment.
Where can you get a short-term car lease?
Short-term leases might be less common than their long-term siblings, but they're relatively easy to find if you know where to look. Here are three practical options:
1. From a dealership: Many dealerships offer lease terms of 24 months or less. However, be prepared for a slightly higher monthly payment compared to traditional leases.
2. Long-term rental: Some car rental companies offer "mini leases," which can last several weeks to months and typically include insurance, roadside assistance, maintenance, and even a replacement car if needed.
3. Lease takeover: Many websites can connect you with drivers seeking to exit their lease contracts early.
Pros and cons of short-term car leases
Like any financial decision, short-term car leases come with their own set of advantages and disadvantages. Let's break them down:
Benefits of a short-term car lease
1. Latest car models: Get behind the wheel of the latest vehicle models without the commitment of ownership.
2. Temporary solution: Ideal if you need a vehicle for just a few months.
3. Flexibility: Lease terms offer flexibility, allowing for easy transition between vehicles to suit changing needs.
4. Reduced maintenance costs: Car leases often include maintenance services, minimising out-of-pocket expenses for repairs and upkeep for that short period. This is one of the best benefits of aa car lease.
Disadvantages of a short-term car lease
1. Higher Cost: Expect larger monthly payments due to a shorter depreciation period.
2. Mileage Limitations: Exceeding your lease's mileage limits can result in hefty fees.
3. Availability: Short-term leases may not be as common as traditional ones.
Now that we've covered the basics, let's dive into some Indian market-specific aspects.
Best car lease offers in India
With the Indian automobile market growing rapidly, there are plenty of fantastic car lease offers available if you know where to look. The best place to get the best car lease offers depends on individual preferences, budget, and specific needs. Here are some options to consider:
- Car dealerships
- Online lease brokers
- Credit union and banks
- Independent lease companies
- Car manufacturers' lease programs
- Lease takeover websites
Car leasing vs buying: A comparison
Debating the benefits of a car lease and whether to lease or buy a car for your short-term travel needs? Let's compare the two:
Car leasing for short-term
1. Flexibility: You can change cars every few months.
2. Low upfront costs: No down payment required.
3. Lower monthly payments: Only pay for the vehicle's depreciation during the lease term.
Car Buying
1. Ownership: You own the car after completing all payments.
2. No mileage limits: Drive as much as you want.
3. Potential for resale value: Sell the car whenever you want.
Conclusion
While a short-term car subscription might seem a bit daunting initially, the benefits of a car lease far outweigh the apprehensions. It offers a great deal of flexibility and convenience for your temporary travel needs. And when it comes to finding the best car lease offers in India, Quiklyz is worth exploring.
Quiklyz is an all-inclusive car subscription and leasing service ideal for individuals and corporate organisations alike. So, why wait? With Quiklyz, you can have your car delivered to your doorstep in just four clicks!
