Leasing a car will allow you to own a more expensive or luxurious car, WITHOUT paying the entire purchase price.
Buying a new car is expensive. Many experts say buying a car is the second biggest investment you will ever make. If you are having second thoughts regarding leases on cars, then you most likely just need to know a little more about car leasing. When done right, leasing a car will let you drive the car you want at a price you can afford.
Expert leasing starts with getting the right information. Request a FREE, no-obligation online lease quote and get the latest lease deals. You’ll have $0 down offers and low monthly payment options delivered directly to your computer! No cost, no worries, no hassles!
The Best Possible Lease Deals in -
| Compact Cars | Sedans/Station Wagons | Sedans (Large) | Sedans (Upscale) | Sedans (Luxury) |
|
• Audi S5 • Volkswagen Golf • Suzuki SX4 Crossover • Suzuki SX4 • Volkswagen Beetle |
• Mazda MAZDA6 • Honda Accord • Volkswagen CC • Suzuki Kizashi • Volkswagen Passat |
• Mercedes-Benz S-Class |
• Audi S5 • Mazda MX-5 Miata • BMW 3 Series • Hyundai Azera • Mercedes-Benz SLK-Class |
|
| Sports Cars | Minivans/SUVs (Small) | SUVs (Midsized) | SUVs (Large) | Trucks |
|
• BMW 3 Series • Porsche 911 |
• Ford E-Series Van • Mazda MAZDA5 • Ford Escape • Ford Transit Connect Van |
• Nissan Xterra |
How Does Car Leasing Work?
It is easier to explain leases on cars if we use an example. Let’s say we have a car with an MSRP of $16,445. Let us assume the dealer estimates a residual value (resale value) of $11,000 for 24 months.
If you want to buy this car, you will need to pay for the entire purchase price, plus interest, in a prescribed number of months. In this example, you will have to pay $685/month for 24 months ($16,455 / 24 months.)
Leasing the car will only require you to pay for the difference between the MSRP and the residual value. In this case, it is $5,445 ($16,445 – $11,000.) Interest payments will also be added into the equation, but to simplify the computation, a 24-month lease on the car will give you a lease price of only $227/month ($5,445 / 24 months).
Why Lease Rather Than Buy?
Despite the low monthly lease payments, leasing is not the best option for everyone. Here are the things you need to remember when it comes to leases on cars:
- Leasing comes with mileage restrictions. If you drive a lot of miles on a daily basis, then buying might be a better option. You will be charged if you exceed the prescribed number of miles stated in your lease contract. The mileage restrictions will differ depending on the leasing company and the type of car.
- You do not own the car at the end of the lease term. Instead, you can either return the car to the dealer or purchase the car at a special price.
- If you are the type of person who always wants to drive a new car, without spending significant amounts of money, then leasing is highly recommended.
- The best part about leasing is the flexibility. Depending on your lifestyle, you can choose a more costly luxury SUV without being tied to the entire purchase price.
Discover Why Leasing a Car Can be the Best Option for Any Budget
Still not convinced about leasing? Just imagine yourself driving a brand new car every few years!
Requesting your FREE Car Quote is the best way to see your options for your new car lease. Simply request an online lease quote today and find low down payment offers, along with low monthly rates on a wide variety of new cars! You’ll be amazed to find some dealers even offer $0 down lease deals!
