Is Leasing a Car a Good Idea?
Is leasing a car a good idea? Below you will find four benefits to leasing a car, truck or SUV.
Top 4 Benefits of Leasing a Vehicle
Lower payments: With a lease you are only paying for the portion of the car that you are using over a set amount of KM/ Miles (the depreciation), and you only pay tax on the payment amount, unlike financing where you pay for the entire car and taxes up front.
Lower Maintenance and Repair costs: Because lease terms are shorter most of your repairs will be covered by your GM warranty, and you have the option to top up your warranty and maintenance coverage to match your lease term for added protection.
Get a Newer Vehicle more often: Car leases are generally for a term of just 24 to 48 months, meaning you can get into the newest models sooner and keep up with the latest technology!
Options: That’s right, leasing a car is a good idea, it gives you options! At the end of your lease, you have several options available, you can choose to return it, purchase it to keep it, trade it in, or sell it. Did you love the vehicle enough to keep it? Then you can purchase your leased vehicle for the agreed upon value at lease termination plus tax. Is the car worth less than the residual value? If it is, don’t worry, you can simply return it to the manufacturer, on the flip side if it is worth more you can trade it in, or sell it and pocket the difference.
At Davis GMC Buick in Lethbridge, Alberta we have our own in house lease department, Davis Capital Leasing.
In this video GM Financial give additional reasons why you should lease a car.
If you have more questions on leasing a car, truck or SUV please feel free to give me a call at 403-329-4444 or email at email@example.com