Leasing Questions

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Is Leasing for Me?

Many people hear the term lease and don't understand what that means. Leasing can be a great option when looking at new vehicles. There are many questions that may come up when considering a lease such as: 

I drive too many miles to lease. 
We have many other customers who drive a lot of miles, and here's what they've found. Every customer, whether they lease or own their vehicle, eventually pays for the miles they use. Kelly Blue Book deducts up to 30 cents per mile (or more) when assigning a value to a used vehicle, and many used car managers double that amount when appraising a car. With leasing you may purchase additional miles at a much lower cost, and you won't have to be concerned with the value of the vehicle at lease end.

I cant get out of a lease. 
Many customers feel that leasing provides them with better options than financing. For example, if you decide 30 months from now you want out of your lease, your obligation would be 6 additional payments. With a 60-month finance contract, it would be 30 additional payments.

I have bad credit. 
Actually our lenders are offering several lease programs these days for customers that may not have perfect credit and it is always nice to have options, isnt it?

If I lease I will always have a payment. 
Many other customers who expressed the same concern, and here's what we've discovered. A lot of people start thinking about the next new car they're going to finance as soon as they're getting close to the end of payments on their current car. Or, they keep their car and find themselves driving a high-mileage vehicle with the expenses of repairs and service replacing their payment. Do either of these scenarios describe your experience? If so, leasing may be for you.

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