Should I Lease a Car?
You’ve done your research, taken the test drive, and finally settled on the perfect car, truck, or SUV. There’s just one final thing to ask yourself before driving off into the sunset: Should I buy or should I lease a car?
Here at AcceleRide®, we help thousands of drivers like you answer this common yet important question. Ultimately, deciding whether to lease comes down to your own personal priorities. To determine whether leasing is the right road for you to take, check out this brief guide!
What Is a Car Lease?
First and foremost, let's establish what separates signing a car lease versus a traditional auto loan. In simplest terms, leasing allows a driver to use a car for a fixed period of time at an agreed-upon monthly rate. Essentially, a car lease is similar to renting an apartment or a holiday home.
In America, the average car lease lasts from 24 to 48 months. Once this period ends, drivers can choose one of three options:
Renew/Upgrade
If you’re 100% satisfied with your car, you’ll have the option to start a new leasing period. Do you want to experience the latest model and trim? Simply return your current lease and pick out a new ride from our dealership floor!
Return
No longer need your vehicle to get around? Perhaps after a few years of leasing, you want to actually own your next car, truck, or SUV. Whatever the situation, a car lease allows you to quickly and easily end a contract once all obligations are satisfied.
Buy
Do you want to keep your vehicle forever? Speak to one of our experienced financing specialists who can adjust your terms so you can start working toward full ownership!
Why Should I Lease a Car?
Now that you understand that a car lease is a temporary agreement, you might be wondering what are some advantages to leasing over buying?
First of all, leasing is great for anyone who enjoys staying up-to-date with the latest automotive trends and technologies. Since you’re able to upgrade every few years, you can take great satisfaction in knowing you’re never out of step. It allows you to experience the latest each vehicle has to offer, or to easily adjust the style of vehicle you drive if your needs change over the years.
Furthermore, a lease often has financial advantages—specifically a lower monthly payment. Since you’re only expected to cover the cost of depreciation, the lessee often pays less per month than those who go the traditional financing route. In some cases, this makes it possible to drive a higher trim level or even a luxury-grade vehicle that you may have always wanted.
Finally, a car lease provides drivers with something that’s truly invaluable: peace of mind. Backed by a full warranty, drivers can hit the road each day knowing they’re protected should the unexpected occur. From daily commutes to new adventures on longer trips, you can rest assured that our dealership is always here for you to assist with this warranty.
How Our Finance Team Can Help with Your Lease
When you decide to get a new vehicle, you want to have the assistance and resources you need to get everything completed and get on the road. Our finance center provides you with a comfortable place to meet our experts and prepare your lease.
We start by discussing the options you have and presenting everything to you in detail. Our experts work with you to construct a lease that suits your needs and can answer any questions you have along the way.
We also provide you with tools like the online payment calculator. This can help you prepare for monthly payments and identify what works best for your budget.
Explore Our New Car Selection
A lease provides you with a great opportunity to get behind the wheel of a new car on a short-term commitment. To help you get started in this process, our inventory is available online for you to explore from the comfort of your home.
Our selection includes numerous vehicles from a variety of makes and models. You can narrow down the options by color, feature, trim level, body style, and more to find your fit, then request a test drive to ensure it is the right ride for you.
That sets everything in motion for the leasing process. Finding the right ride that allows you to accomplish your goals can go a long way to helping you stay on track with your journey and make the most of every mile along the way.
Discover More About Leasing a Car!
Here at AcceleRide®, we’re ready to make the leasing process both fun and easy. To take the next step, start your search today and feel free to contact us with any questions!