Auto Financing 101: Learn About These Leasing Benefits
A car purchase is one of the most important purchases you’ll ever make. It’s a decision not to be taken lightly! This decision is so important, in fact, that many people instead choose to lease a vehicle. A lower level of commitment proves beneficial to different people for different reasons, largely dependent on how much they earn and how often they drive, among other things. You may be wondering if leasing a vehicle is right for you. Here are a few leasing benefits a vehicle in lieu of purchasing one:
No Down Payment
While some promotional lease deals may require a down payment, for the most part, you can cruise by on a lease without one. Instead of a down payment and monthly payment thereafter, you’ll only need pay the first month’s payment and tag/registration fees. This is a major perk for drivers on a budget!
You’ll almost certainly be facing lower payments than with buying. This is because a lease requires that you only make payments on the portion of the car that you use. This is one of several leasing benefits, and one that many people find to be the biggest reason for doing so.
Since you’ll be leasing your vehicle for a much shorter time period than when you buy one, you’ll ultimately be faced with less maintenance. Sounds good, doesn’t it?! Even so, many people lease their vehicle for the same amount of time as the manufacturer’s warranty. This ensures repairs are taken care of by the company, and not the leaser.
Interested in leasing a new vehicle? Ed Payne’s Brownsville, Weslaco, McAllen and Mission car dealerships have a wide variety of new and used vehicles to choose from. Speak to one of our sales representatives about the benefits of leasing or used vehicle from our Ford, Chevy, GMC or Dodge car lots today.