Now that is a great question! The truth is, there are a lot of really good reasons why leasing may be a great option for you! One of the main reasons I like leasing is because you get more vehicle, for less money! This is because you get the pleasure of driving a brand new vehicle, but you only have to pay for what you use! As a result, if for some reason you needed to trade in your vehicle before your lease term was up, you would have less negative equity than if you had financed the whole vehicle! Plus, with leasing you only pay tax on each payment, whereas, with financing you pay tax on the whole vehicle.
Another thing I like about leasing is that it gives you options. At the end of your term, you can trade your vehicle in for another one, you can buy it out and keep it because you liked it so much, or maybe you don’t need a vehicle anymore so you can simply give us the keys and leave! It really is that simple. I find leasing is ideal for folks who love to drive a new vehicle and typically trade their vehicles in every few years because you can lease for as long as 5 years and sometimes as short as 2 years! To help you with deciding on leasing or financing, here is a helpful chart to get you started:
To see if leasing is right for you, it might be helpful to chat with your Sales Consultant. We also have a number of publications here at the dealership that you are more than welcome to read through to learn more about the benefits of leasing. As always, we are just a phone call away if you have any questions! 🙂