Is leasing a car a good idea? Great question!
For most people, the deciding factor when it comes to acquiring a new vehicle is cost. There is a distinct advantage leasing has over financing: the monthly payments are often significantly lower than a car loan. This places a number of car and truck options within your budget that might not be attainable if you purchase a vehicle. You can either redirect the money you save toward other necessities, or put the money toward leasing a more luxurious car.
Another advantage of car leasing is the option to drive a new car every few years. Since most lease agreements are shorter than a car loan, you can trade in your car and get something new with all of the latest technological and safety innovations. This feeds into the third benefit of leasing a car: Lower maintenance costs.
Since you’re regularly driving a newer car, you’re much less likely to encounter wear and tear breakdowns, or unexpected, long-term issues. Anyone who’s on a budget knows how crippling unforeseen car troubles can be to your finances. Why not eliminate that anxiety from your life?
When you buy a car, it starts losing value the moment you drive it off the lot. Throw in years of routine maintenance and wear and tear, and by the time you’re ready to sell it or trade it in, it’s unlikely you’ll see a fraction of the money you put into it returned.
Not to mention, selling your vehicle can be a real hassle. Selling to a dealership is likely to garner less than you deserve and haggling with strangers is time-consuming and frustrating. Leasing a car eliminates both of these issues.
So, to answer the question, is leasing a car a good idea: If you like everything you’ve heard, then leasing is a fantastic idea. At D&M Leasing, we want to do more for you and get you into a vehicle that will bring you years of happiness. Call a trusted agent, or submit a simple quote form today to find the perfect lease for you.