If you like to have a new car every few years, and like the simplicity of a fixed-cost model, leasing could be for you. You will enjoy a low deposit, lower monthly payments and avoid the hassle of selling on a used car. Include a maintenance payment and you will avoid any nasty surprise bills during the course of the contract. However, you are paying to only use the car and will never own it, unless the contract offers you the option of making a hefty final payment. You will also need to return it in good condition, with the agreed mileage on the clock.
China Car Market
China's auto market started the year with a 15% sales increase after two consecutive years of modest growth. Data from the semi-official China Association of Automobile Manufacturers showed that vehicle sales totaled 3.39 million vehicles in the January-February period, up from 2.96 million in the year-earlier period. Sales of passenger cars were more robust, with a roughly 20% gain over the same period to 2.84 million vehicles, the association said.
India Car Market
The automotive industry in India is one of the larger markets in the world and had previously been one of the fastest growing globally, but is now seeing flat growth rates. India's passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, with an annual production of more than 4.2 million units in 2012.