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Fact: Money, specifically (financing & depreciation) costs, will determine your overall satisfaction as much or more than the model you select or its original sale price.
Unless you are a first-time car owner, you are familiar with the three financing options to fund your automobile acquisition.
Leasing has always been a strong contender for “the premier” financing option by virtue of its approach to asset management. And now, in 2024, this “premier” designation has strengthened in response to the expensive and rising cost of personal automobile insurance. (see additional reasons under heading “Four Adverse Anomalies” below)
When the procurement of an automobile is centered on the monthly payment, as is the case in a lease, you leave yourself open to misconceptions and occasionally deceptive practices employed by the dealers desire to make a sale and increase profits.
This is why offer a free consultation. There are finance arrangements masquerading as leases in Israel which are anything but a lease. The external characteristics might seem familiar and kosher, but the devil is in the details.
In iAnglo’s 30-minute video consultation we will first discuss the leasing option since it tends to be the most underappreciated and misunderstood financing option.
If it becomes evident that a purchase will better suit your needs, we will give you valuable advice on the buying process: bank financing, historical depreciation rates, and more.
Consultation Medium : If you will have access to a computer or a smartphone, a video conference & screen share session is preferred. This will help you to fully understand the lease concept, including your responsibilities, and that of a leasing company, and or purchasing options.
If you do not have access to a computer or smartphone, we will do the best we can by telephone.
Beginning in 2023 and now in 2024, we are forced to deal with four core irregularities that have already impacted the automobile market and are poised to increase their influence in the future.
1. EV (electric vehicle) Market
Successful vehicle choices and financing methods will be measured in the future against the backdrop of the emergent EV (electric vehicle) market. This is not a trend but a market alteration. Conventional fossil fuel vehicles, including hybrids, are primed to be negatively affected.
2. Economic Shutdown
Who of us have taken on the responsibility of a car on the heels of an unprecedented global economic shutdown? It was inconceivable that governments around the world would entirely shut down their economies, as we experienced at the dawning of this decade, but they did. We are still feeling its effects and now live in a world where the unimaginable can happen again. What is your exit strategy? Do you have a (simple & economical) severance path from your financial obligations should this occur again?
3. Social Carbon Score
Soon we will have to consider our vehicle selection in relation to our social carbon score. Review these links and come to your own conclusions where this is leading us, and how this can impact your decisions.
PCAF (Partnership for Carbon Accounting Financials)
Master Card Carbon Calculator
4. Virtual Nonexistence of Inventory
Corona slowed the entire economy. Then shortages of microchips and other raw materials needed for car production hit the automobile market with a "left hook" that no one saw coming.