Why Leasing Can Benefit You
Lower Month Payments
Most people get into leasing because it instantly saves money each month compared to traditional buying. When someone leases a car, they are really only paying for its depreciation. That also saves money on the tax the customer will have to pay.
Continuous Warranty Protection
Nobody wants to pay for unexpected major repairs. Every new vehicle lease available at Davis Chevrolet comes with extensive warranty coverage that will last for the entire lease term. In the event something major goes wrong, the leaseholder won’t be responsible for the cost of repairs.
Get A Better Value
Did you know that a vast majority of luxury brand vehicles are leased? Leasing could allow someone to take home the car of their dreams without the added expenses that come with traditional auto financing solutions.
New Options Sooner
Another outstanding benefit of leasing a vehicle is that people can get a new model on a faster timeline. Most leases only run for a few years, and when it’s over, the car, truck or SUV is turned into the dealership, and the next choice is made. That means you’ll always have the latest technology and features.
Outdated Myths About Leasing
You Don’t Ever Own a Leased Car
It is true that the company servicing the lease owns the leased vehicle. However, when someone takes out a loan to buy a car, the bank is the technical owner until the note is paid off.
Restrictive Mileage Limits
A lot of customers try to talk themselves out of leasing because they believe they drive too much each year. The truth is that many lease programs can be specifically tailored to fit unique needs.
Leasing Is A Poor Financial Decision
This might be the most pervasive myth surrounding leasing. When someone buys a car, it experiences massive depreciation as soon as it leaves the dealership. Also, because leasing is less expensive than traditional financing, the money that is saved can be thought of as its own kind of equity building.
Lease-End Is Packed With Fees
Getting stuck with unexpected fees at the end of a lease is rare. The most common reason someone might owe additional money when they turn in their leased vehicle is because of mileage overages or unreasonable wear and tear. Both of these things are easily avoidable for the vast majority of lease customers.
