Leasing a car comes with a different
contract, but also different freedoms from purchasing the same car. Americans
who want to drive a new car have fallen in love with leasing again, and it
accounted for 22.5% of new car transactions in July, according to J.D. Power.
Leasing a car comes with great
benefits and options that suit each leaser. Here, you can look over some of
those benefits, and decide if leasing is right for you.
The Basics:
A sign and drive lease is one of the
easiest ways to end up in a great new car. The lease-friendly events require
very little more than your signature and information. You drive off the lot
with a new vehicle, and agree to maintain the car as if you own it. For
example, in a leased car, you are still responsible for oil and fuel changes,
and any mechanic maintenance that needs to be done. You are also responsible
for any automobile taxes the government may impose.
Some of these sign and drive deals
require no cash at all at the signing. Others, where you can pay some amount of
money, can get you lower monthly payments. Lease payments are already cheaper
monthly than owning a car, and lowering those payments more is always good for
your wallet. Just make sure your credit is in good condition.
Ease of Upgrading
A car depreciates in value as soon as
you start the engine, and it can sometimes be hard to sell a car for a decent amount
of money, especially a car with wear and tear. With leasing, you don’t have to
worry about the stressful process of buying and selling.
If you lease a car, you turn it in
after the mandated amount of years and you can get a new one! Some people really
enjoy getting to drive a new car every few years, and leasing allows them to do
so. You can always have the newest innovations in automobiles, and feel
luxurious every time you get behind the wheel. You can get all the latest
options as well.
Sign and drive lease deals are a great option for some people. The longer
you lease, the more the lease price is spread out, so you’ll have lower monthly
payments. You can always have the newest car with the best innovations. If you
like the car, you can even buy it after the leasing term. Decide if leasing is
the smarter choice for you, and visit your local dealership.