3 Ways Leasing Your Next Vehicle Can Benefit You

Buying a car is one of the biggest and most important purchases most people will make. If you have the money to buy a vehicle outright, you may feel that’s the best option. However, even if you have the budget to buy right away, it’s sometimes more beneficial to lease a vehicle. Check out three reasons why you should consider leasing your next vehicle.

1. Getting a New Car Every Few Years

When you invest in and buy a car, that usually means you plan to have it for five years or longer. However, when you lease a vehicle, you have the enjoyment of getting a new car every time your lease expires.  At the end of a lease term, you turn in your vehicle and pick out a new one. You can either upgrade to the newest model of the vehicle you just leased or a completely different model based on what you want or need. And with a lease, you’ll always drive a car with the newest design, the latest safety features, and amenities for comfort and convenience.

2. Less Maintenance & Repair Hassles

Unlike purchasing, leasing a new vehicle every few years means you’re less likely to have unexpected maintenance issues and repairs that are your responsibility. When you encounter a problem or damage with your leased vehicle, the problem may be covered under your lease agreement, which means your dealership will repair your vehicle at no cost to you. Not only does leasing save money on maintenance and repairs, but it also gives you peace of mind. With a lease, warranties covering repairs typically don’t end before it’s time to return your vehicle. When you own a car, you become responsible for all repairs after the warranty runs out.

3. Save Your Cash

If you decide to pay cash when you buy a new vehicle, you usually have to hand over a large sum of money at one time. Even though you usually have to make a small down payment with a lease, it’s much lower than what you would pay to purchase a car outright. After you make the down payment on a lease, the only remaining expenses are monthly payments and routine maintenance costs. Under a lease, you get to keep more cash in the bank.

Not only can you save money upfront with a lease, but having a lower monthly payment can allow you to get a nicer vehicle than you could if you wanted to buy. If a higher level trim or advanced model catch your eye but you’re on a tighter budget, consider signing a lease instead so it can be within reach without breaking the bank.

Leasing is a smart option for many drivers as it can provide benefits that owning a car does not. Stop by Service Chevrolet Cadillac to speak with a representative about our leasing options or contact us today!

Image via Chevrolet.com

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