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Malta
Car Leasing
Car
leasing has been in vogue
in many countries for
several years but is still
a fairly new concept in
Malta. In recent years it
is becoming very popular
because it offers people a
way to drive the vehicles
they want, for less money
and less hassle.
No
initial down payment and
lower monthly instalments
are the main attraction,
as well as the benefit of
having free maintenance
and tax advantages.
Leasing a car may not fit
everybody's needs and
lifestyle, depending on
one's line of occupation
and transportation
requirements.
Car
leasing allows companies
to reduce the monthly
payments on a car by only
requiring the buyer to pay
for the cost of the car
during the time they are
using it. A car lease is
very similar to renting -
you don't own anything,
you are just paying for
the right to use
something. Unlike buying,
you never actually own the
vehicle and you have to
return it to the company
at the end of the
lease.
Leasing
allows a person to drive a
brand new car with lower
monthly payments, making
the "new-car
experience"
accessible to more people.
Reasons to lease a car
include the following:
You enjoy
driving a new car every
one to five years
Lower and equal
monthly payments
Insurance and road
registration costs are
spread equally
No large down
payment when taking in the
new car
No yearly shopping
around for low insurance
costs
No hassle in
obtaining a replacement
car in case of accident
No loss of
insurance "No claims
discount" in case of
accident
Free regular
maintenance, repairs and
servicing
Free monthly safety
inspection and car wash
Free 24hour road
assistance and backup
No hassle to
trade-in and selling your
car
Income Tax and VAT
benefits (subject to
business type) |
