Are you on the market for a new vehicle? Are you questioning how to get the most bang for your buck? If you have always financed your payment and aren’t sure if leasing is right for you, let us help you decide by breaking down the pros and cons of the leasing option.
With leasing your vehicle on the rise from previous years, this makes you ask if financing is the route to go. If you have never leased before, here are three pros that might convince you to look more into it.
- Because you are not paying back the principle of the car, the monthly payments tend to be lower.
- The vehicle is probably newer, meaning you are driving it during the trouble-free years. Plus, you don’t have to stress about the resale or trade-in value.
- The lease could potentially offer free oil changes or other scheduled maintenance because the vehicles tend to be newer.
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Leasing can be appealing because of those pros but before you head to Volvo Cars Fredericksburg and lease your new car, take a look at the cons.
- Because you are leasing, you will always have a car payment. So you might find that it is cheaper to buy a car and keep it until it wouldn’t be in your best interest to repair it.
- If you are rough on your vehicles, you could be on the hook to pay for the wear and tear you make on the car.
- When leasing, you are contracted to a specific number of miles, and if you go over, you could be left with a hefty bill to pay. Normally, you would pay between 10 to 50 cents for every additional mile you drive, which might not be too bad if you only go over a few miles, but it could really add up.
With the ability to drive a car with the newest features available that you possibly couldn’t afford if you tried to finance it, we understand the appeal of leasing a vehicle. Whether we have convinced you to lease your next vehicle or not, make sure you stop by Volvo Cars Fredericksburg and drive off in something you love!
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