Considering leasing a car instead of buying? This guide aims to answer any questions you may have about car leases:
What are the Benefits of Leasing?
If you’re having trouble figuring out which car to buy, leasing is a great option. Because you can get a short-term lease – perhaps as short as a year – you aren’t tied down to one vehicle for very long. Leasing is also typically more cost-effective than buying, as you’re only paying for the car’s value during the lease period.
Are There Any Restrictions with a Lease?
Because you don’t own a leased car, there are some restrictions. For one thing, you won’t be able to make any modifications or customizations. You will also need to agree to a yearly mileage limit. If you go over this number, there will be a fee involved.
What Happens at the End of a Lease?
A really nice thing about leasing is that it gives you a lot of choices. When the agreement ends, you can just sign another one to keep the same car. Or, you can upgrade to a newer model or perhaps an entirely different type of vehicle. And if you decide you want to stop leasing and own your car, you will have the option to buy it.
Can I Lease a Pre-Owned Vehicle?
While many people decide to lease a new car, you should know that you’ll also have the opportunity to lease a used model. You can kind of split the difference between the two by leasing a Certified Pre-Owned vehicle.
If you have any more questions about leasing, we want to answer them. Get in touch with I.G. Burton Chrysler Dodge Jeep® RAM of Berlin for any additional information.