How Leasing a Used Car Saves You Money

How Leasing a Used Car Saves You Money post
September 8, 2021 | Uncategorized

If you’ve been searching for the perfect car for you and your family for a while now, you may feel a bit overwhelmed with the choices available in Georgia alone. You may have even come across the car of your dreams on the used market but found that it didn’t make sound financial sense to purchase it outright.

Something to consider in your car search is that many dealerships offer used car leasing to help you make financial sense of the purchase. After all, it is your dream car, right? At Drivrz Financial, we understand how important it is to be in love with the vehicle you’re purchasing, especially since you will be driving it for the next few years every day.

Today, we want to share with you all the ways that leasing a used car can save you money in the long run—and get you behind the wheel of your dream car without going broke!

Lower Down Payments

For many used car leasing financing companies like your friends at Drivrz Financial, getting behind the wheel of your ideal used car doesn’t require having to purchase the entire vehicle outright. In addition, because a used car is lower in value than its brand-new counterpart, the depreciation you’re paying for with your lease isn’t as high as it would be right off the lot.

Lower Insurance Payments

Because the value of the used vehicle you choose to lease is lower, your insurance premiums will reflect the same. Because insurance premiums are based on the value of the car you’re insuring, a used vehicle naturally will decrease your monthly payments and put more money back in your pocket.

You Don’t Have to Worry About Massive Depreciation

This is one of the most significant ways that leasing a used car saves you money. When you purchase a new vehicle, the moment you drive it off the lot, it drops in value. The previous owner had to carry that burden on their lease or loan with a used car, not you. Leasing a used car that’s at least three years old allows you to have it for a couple of years on your lease and still have a solid resell value at the end.

These are just a few of the more significant ways that choosing to lease a used car in Georgia can save you money. If you’re considering this as a real option for your car buying experience, your friends at Drivrz Financial are here to help you get the right financing on your lease so you can get behind the wheel today!

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