Benefits of Leasing
Are you considering leasing as you look for your next vehicle near Quincy, Brockton, or Norwood, MA? Well, when you lease, you’ll enjoy a number of perks. In this guide, our team here at 24 Auto Group will cover the different benefits of leasing. That way, you can see whether or not leasing is the best car-buying option for you as a Boston, MA, area driver.
Read on to learn more from our experienced finance team!
1. Overall Flexibility
The biggest benefit you get when you decide to lease a vehicle is the flexibility it provides. Leases are viewed as short-term automotive commitments, usually lasting two, three, or MAYBE four years. At the end of your lease contract, you can return the car to the dealership and explore new vehicles again.
The short-term nature of a lease can prove appealing, if you are someone who is always interested in experiencing new models and new automotive technology as it becomes available. If you are planning on starting a family in the near future, for example, and feel that your driving needs may change, it could also be a beneficial route to explore.
There’s flexibility in the other directions, though, too. If you simply find that you love your leased model too much to return it at the end of your contract, you can explore buying it outright for whatever its remaining value may be.
2. Financial Flexibility
From a financial perspective, leasing can also prove to be quite appealing. With a lease, you traditionally will be required to pay little to nothing up front. Additionally, with a lease, your monthly payment will usually be lower than it would if you were pursuing traditional financing on the same model.
It is also worth mentioning that leased vehicles have a fair number of repair-related costs covered under warranty, again saving your wallet.
3. No Re-Sale or Trade-In Process
If you do decide to move on from your vehicle at lease end, you won’t have to worry about selling or trading it in. Rather, you’ll just return it to the dealership—easy-peasy.
4. Potential for Tax Deductions
If you are planning on using your new vehicle for business-related purposes, a lease could offer you more tax deductions than a vehicle you purchase and use for business purposes would. These deductions, of course, will vary depending upon a number of different factors; however, it is something to consider.
Should I Lease a Car?
Hopefully, this guide on the benefits of leasing your next car have helped you move closer to a decision on whether or not it is the best route for you to explore. If, however, you still have questions about the benefits of leasing, the leasing process, or anything related to leasing, our finance department will be more than happy to assist you. Just contact our Boston, Massachusetts, area team when you need assistance.
We’re proud to serve Quincy, Brockton, and Norwood, Massachusetts, area drivers here at 24 Auto Group and hope to assist you soon!
Make an Inquiry
* Indicates a required field