Leasing Vs Buying
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.
- Little or No Down Payment - depending on your credit history.
- Smaller Monthly Payments - up to 60% less than a purchase loan.
- No Maintenance Bills - repairs are covered by the manufacturer’s warranty.
- Modest Sales Tax - you will only be taxed on the value used during the lease.
- 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.
