Three reasons why leasing a vehicle might be right for you
There are many reasons why leasing a vehicle may be the right choice for you.
Here are a three useful insights as to some of the advantages of taking a lease out on your new car, truck or SUV.
Let’s get into it:
LOWERED COSTS: Leasing often requires lower upfront costs than purchasing a vehicle outright. Additionally, the monthly payments are typically lower than they would be if you were to finance a purchase. For businesses, a lease can be a tax-deductible expense.
FLEXIBILITY: With leasing, you can drive a new vehicle more frequently as terms are traditionally shorter than a car loan. This means you can upgrade to a more recent vehicle and take advantage of the latest features and technology.
LESS DEPRECIATION: The risk of depreciation is significantly lower when you return a vehicle to the dealership once the lease expires. Leasing allows you to drive a better or higher-end vehicles without worrying about unexpected maintenance costs.
It’s always important to fully understand lease terms and the responsibilities involved as part of each agreement. There could be penalties for driving beyond mileage limits or having excessive vehicle wear and tear.
If you have any questions, please consult a finance expert at one of our Hendrick Automotive Group dealerships. To help find the nearest location to you, click here.
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