Leasing: the Real Deal

Leasing has developed an unfortunate reputation for being a bad deal, and we at Gentilini Motors think that's a shame. After all, it just means that people are talking themselves out of what might be the ideal option for their needs. There are tons of advantages to leasing, and we're here to point some of them out so that you can make an educated decision about your next car. Here are some of the best things about leasing a vehicle:

Low Monthly Payment = More Disposable Income

This is the first and best advantage of leasing. Because you are only paying for the value of the car that you are using up, the payments will be lower than if you were covering the full vehicle. Essentially, we take the price of the car and calculate the amount of depreciation over the time that you are leasing. That amount is then split into monthly payments based on the length of your lease, with taxes and other initial costs added, of course. What this means for you is a significantly cheaper car, and more money to use on other things in your life: that could mean a nicer, longer vacation, helping your child start college, more movie nights, renovations on your bathroom – anything!

No Down Payment

For the most part, getting a lease means that you won't be required to shell out for a down payment, which can leave a couple thousand dollars more in your wallet. You simply pay for the first month – as well as some initial taxes and fees – and go! There are, however, certain really sweet lease deals that may actually require a down payment, so it pays to save some money ahead of time if you are still considering what to do. If you don't end up needing it, that's a nice little bit of savings that you can use for something else.

Lower Taxes

In most states (including Jersey), you are only required to pay taxes on your monthly payment, effectively taxing you only for the portion of the car that you are using. Really, you pay less for just about every part of a lease, which really matters to people who are looking for a new, quality car, but might not be able to afford to buy the model they want.

New Everything

One of the other cool things about leasing is that it offers you the newest, best advances in the industry – in all sectors. For instance, maybe you have always had trouble with parallel parking and you live in a city where it's an absolute necessity. Now you can get a vehicle with a backup camera and sensors to help you out, without paying as much (keep in mind that which features come standard varies a bit by vehicle). In other words, you'll get the very latest technology and safety features, all in a much more affordable vehicle for you!

Few Repairs

The big advantage of buying a new car is getting a vehicle that won't have issues for a good number of years; with a lease, you can have that without the new car price tag. For the most part, the only things that you'll have to handle are regular maintenance such as oil changes and perhaps a tire rotation. The worst problem you're likely to encounter is a flat tire, which is a breeze to fix.

No Trade-in Hassle

When it comes time to turn in your car, you can pretty much hand a lease over and leave. If you own a car, there's a pretty in-depth research process involved. You'll have to ask yourself:

• Do you want to trade the vehicle in?
• If so, how much is it worth?
• Where will you get the best value for it?
• What kind of tax write-off would I get for donating it?

With a lease, none of these questions apply and you can focus on getting your next vehicle, whatever it may be.

Lots of Options after the Lease

Once your lease is up, you have several options: maybe you can now afford a new car; maybe you love your old car and want to convert the lease to a purchase; maybe you just want to keep leasing because you like the really low monthly payments (an increasingly popular option). No matter what you choose, at Gentilini Motors in NJ, we can offer you the best car lease and purchase deals in the business!