a man and a woman peeking inside a car

Should I Lease or Purchase My New Car?

What Are the Advantages of Leasing a Vehicle

It is not always easy to choose between buying and leasing a car. On the one hand, buying entails larger monthly payments, but in the end, you own an asset—your automobile. On the other hand, a lease provides lower monthly payments and allows you to drive a vehicle that is more expensive than you could afford to buy, but you are locked into a cycle in which you will never be able to pay off the vehicle. The rise in leasing is not going away anytime soon, with more consumers opting for a lease over a loan than they did only a few years ago. Read the Auto Simple blog, Chattanooga, TN, to learn more about the advantages of leasing a vehicle.

Also Read: Get 2015 Ford F-150 from Auto Simple, Chattanooga, TN

Payment Is Not a Burden

Monthly payments go toward repaying the lender plus interest when you buy a car. In contrast to leasing, your leaser owns the vehicle, and you pay monthly for the duration of the lease; purchasing a car is a different story.  

No Worry about Resale  

If you despise bargaining, you undoubtedly hate the thought of selling your used automobile to a dealer or a private party. With a lease, all you must do is return the vehicle. You must only worry about paying any lease termination costs, such as those for excessive mileage or atypical wear.

a salesman showing paperwork to a woman in driving seat
a woman holding a black car key

Maintenance Is Easy  

Many new cars come with a three-year warranty. As a result, if you sign a three-year lease, most of the repairs should come under coverage. Leasing arrangements almost minimize the risk of a large, unexpected expense.

Also Read: Why Should You Sell Your Old Vehicle to a Dealership 

Are you already impressed? Allow me to inform you that this is just the start. To know all the features, including speed, performance, mileage, insurance, and to experience the glamorous interior with all the comfort and safety, do not hesitate to visit our authorized dealership, Auto Simple, Chattanooga, TN and honor your garage with its presence. For any further queries, contact us today.