Why Lease Over Buy

 

WHY LEASING COULD BE SMARTER THAN BUYING

Buying a new car comes with a lot of perks, but there are just as many upsides to leasing. Deciding which option is right for you depends on your wants and needs, how you drive, and your budget. Here are a few reasons leasing might be smarter than buying in your situation.

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YOU WANT SOMETHING LUXURIOUS

When buying, you might not be able to afford the highest trim level or a more expensive model. But when leasing, since payments are lower, you might be able to step up into a higher luxury bracket and get cooler features, better safety technology, and sharper styling.

MAINTENANCE AND REPAIRS ARE EASY

Because you are leasing the vehicle for a set number of years, it never goes out of warranty while you drive it. All major mechanical failures are covered. Some lease deals even include free maintenance for things like oil changes and tire rotations.

YOU ALWAYS WANT NEW THINGS

Are you the type who needs to have the latest tech and the most on-trend items? Leasing gives you the flexibility to get what's new and hot on the market every few years without worrying about selling a vehicle.
 

YOU WANT SMALLER PAYMENTS

If you don't have much saved up for a down payment on a new car, that's not a problem with leasing. Many leases can be entered with zero money down. Because you are only paying for the depreciation on the car during the time you lease it (typically three to five years), the total cost is much cheaper than buying a new car, making monthly payments lower.

YOU DRIVE AN AVERAGE AMOUNT

A concern of many lessees is the mileage restrictions on leased vehicles. But average Americans drive between 12,000 and 15,000 miles a year - the typical mileage limit on a leased vehicle. Unless you travel long distances in your vehicle regularly, you have nothing to worry about with a lease.

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