The Benefits of Auto Leasing vs Purchasing a Vehicle

July 9, 2020 | Auto Leasing, Financial

With the costs of vehicle loans soaring, more drivers are looking into leasing than ever before. Customers shop for a new car based on price, and leasing allows them to stay within their budget without having to compromise on style and vehicle features.

Here are some additional benefits of auto leasing vs. purchasing a vehicle:

More Flexibility and No Long-Term Commitments

Leasing gives customers more options because lease terms are shorter than most purchase agreements. Drivers can trade in their vehicle after the lease term, walk away, or purchase the vehicle if they choose to. When a customer purchases a car, they’ve committed to the full term of their purchasing agreement, even if they aren’t happy with their purchase.

Smaller Monthly Payments and No Upside Down Loans

Auto leasing provides lower monthly payments compared to traditional auto financing. In some cases, the customer can pay almost half of what a monthly car loan would be. With a lease, you’re simply paying for the depreciation of the car during those years rather than the entire cost of the vehicle. This allows customers to worry less about owing more on their auto loan than the vehicle is actually worth.

Lower Down Payment and Initial Fees

With most auto leasing contracts, you’ll have a low down payment and pay less in sales tax on the lease as well. For example, with a lease, you may pay $2,000 versus $3,000 for a loan. With Drivrz Financial, you are only required to pay your first monthly payment upfront. Ultimately, leasing a vehicle creates a smoother financing experience for dealers and customers alike.

Interested in leasing from Drivrz Financial? Contact us today to find a dealer in your area!

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