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Leasing Vs Buying

Posted on: August 5, 2010

A recent study revealed consumers are returning to vehicle leasing. With more people wondering how they can afford to drive a new car or truck, leasing is proving to be an attractive option once again. Here are a few reasons why shoppers are choosing to lease.
  1. Little or No Down Payment – depending on your credit history.
  2. Smaller Monthly Payments – up to 60% less than a purchase loan.
  3. No Maintenance Bills – repairs are covered by the manufacturer’s warranty.
  4. Modest Sales Tax – you will only be taxed on the value used during the lease.
  5. Always Drive a New Car – Leases usually run two to four years, at the end of the term you can easily lease a new vehicle.
Leasing isn’t right for everyone, but it does have some excellent benefits. Review all your leasing and buying options before you buy.
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The lease rate I got by calling the dealer was $67 higher than the rate I got from Car Leasing Secrets. It’s all about the local competition. So happy with my Benz!
 
Cristoph Wiese
Athens, GA
This is probably the easiest way to get quotes and compare them. I got one from each dealer in my city. One of them was surprisingly low. The quotes are free. No worries there.
Kristen Fletcher
Albany, NY
What a great way to shop around! I wanted a Corolla. There’s only one Toyota dealership in my city but I got a quote for a Honda Civic and decided to go with that one because I got such a good offer.
Mark Dolan
Missoula, MT