What is a Car Lease?
A car lease is a great alternative to buying a new car. Instead of making loan payments for example against a car’s full value, you can instead make lower monthly payments over a set lease term for any new vehicle from all brands.
The typical leasing period is 24, 36, or 48 months. Once this time is up, you may either return the car or buy it outright for the remaining price difference. You can also exit your lease early in some instances depending on your car’s current market value.
Choosing car leasing will give you added benefits when compared to purchasing a brand new vehicle.
- Lower monthly payments when compared to a financed vehicle. Save money while also getting a great car.
- Pay less due at signing with the option of potentially leasing a car with no down payment.
- Since a lease car is typically owned for 36 months, you will deal with less maintenance appointments, tire changes, and so on. You can enjoy driving a newer car with less headaches!
