There are lots of options when getting a new car: you can buy new, buy used, or lease. But you’ll need to find what’s right for you! Here are some benefits of leasing a car:
Lower Monthly Payments – Lease payments tend to be lower than monthly payments. Why? Because a car loan is determined from the price of a new car. But with a lease, your payments are determined from the difference between the initial car’s price and the price at the end of your lease. That means that payments will be lower per month.
Smaller Down Payment – If you can’t afford a larger down payment, leasing is for you. Down payments for leases are typically more flexible than new car down payments. You could put a few thousand down, but many leases require no down payment whatsoever.
Fewer Repair Costs – Most leases last two to three years, which means that your car will be covered under warranty for the entirety of the lease period. This also means that most issues in the car won’t take money out of your wallet. You’ll just need to have routine maintenance like oil changes.
Learn whether a new or used car is the right option for you over on our website!