In an age where it seems like the odds are stacked against the ordinary men and women on the street, there is a lot to be said for taking back control. The act of defying the system, of looking for a way to make it work for you, and of focusing on what matters to you is what life has become geared towards. That said, it is easier said than done, which is why we’re going to look at how you can still travel and enjoy transportation when you want to free yourself from the debt cycle the system tries to force upon you. 

What is the debt cycle?

You take out a loan for a home improvement or a new car, you pay it off, you clear the debt, and you never need another loan again. This is the system’s worst nightmare and something that the powers that be will simply never let happen. They are constantly looking for new ways to get you to take on more debt, effectively tying you to subservient jobs and other roles in society as a result. 

You end up having to take on more and more debt, even when your income grows, resulting in you and your family being unable to achieve any meaningful form of social mobility. Once this happens, you are trapped in the debt cycle. The answer is to free yourself with smart ways of consuming goods and services that allow you to take control from day one. Car leasing is an approach that millions of smart people are using to reclaim their freedom and protect themselves from the debt cycle. 

What is car leasing?

When you lease a car, you effectively take out a long-term loan from a company that owns the car. You’re not buying it outright; you never own it at any point, but you do get to drive it as you wish and think of it as your own for all intents and purposes. The beauty of this approach is that, far from being yet another sales gimmick, it actually sets you free in a way that you never could have imagined. 

You pay less each month with leasing

We’re all familiar with the traditional method of purchasing a car: you take out a loan with a car finance company for the cost of the car and pay it back with interest until you own the car. The moment you take out the loan, the total value of the car is added to your own personal debt, pushing deep into the well in a way that makes it so much harder to escape. Leasing is different. 

When you lease a car, the debt you take on is much smaller because it will typically be limited to the amount of the car’s value you are paying for. This is known as the depreciation — the car becomes less valuable over time, unlike property — and your lease agreement only covers this amount. Because you’re taking on a lot less debt, you’re paying off less each month, but you’re still driving the same car. 

You don’t get stuck with a balloon payment 

At the end of a traditional car finance agreement, you will have to make a much larger payment to take ownership of the car. If you go for the leasing approach, with an option like this Vantage leasing Evoque special offer, for example, you will simply hand the car back at the end of it and start with a clean slate. 

Balloon payments are a financial trick that the system uses to keep you down, and they never work out in your favour. If you invest in the right property, it will generally increase in value if you wait long enough, but this is never the case with vehicles. The last thing you want is to take on debt to end up buying something that is worth less than you paid for it. 

You can drive newer vehicles for less 

The beauty of leasing a new vehicle also lies in the fact that it will be so much more predictable in terms of all of the auxiliary costs. Fuel consumption will be lower due to more efficient engine technology. Maintenance and repair costs will be lower and more spread out because the car is in better condition. The servicing schedule will be more predictable and can often be bundled in with the leasing price. 

If you put all of this together, you’re getting something better for less and having less financial strain on your household because the other associated costs will be more predictable. When that happens, you’ll be freeing yourself from the debt cycle that the system is determined to force on you.