When it comes to buying your next car, truck, or SUV, not only do you have to choose between hundreds of models with thousands of features and packages, but you also need to know how you’re going to pay for it. Unfortunately, paying for a car in total upfront isn’t exactly feasible for many car buyers in Texas. So, then it comes down to whether you’re going to buy it used, finance it new, or lease it.
Here at Drivrz Financial, we understand how overwhelming all those choices can be. Even after finding the perfect car, you still must figure out which buying option is best for you. But there’s one other option out there that has been taking the used car market by storm and making high-end car ownership easier for buyers throughout Texas—used car leasing.
Today, we wanted to take some time to clear up a few misconceptions about used car leasing that we hear from our customers all the time because we believe in making your car buying experience as seamless and stress-free as possible.
Here are five misconceptions about used car leasing from the used car leasing financing pros at Drivrz Financial:
Too Much Money Needed Upfront
For many higher-end car models, their lease terms on a new car can come with a significant amount of money in upfront cash down to even be considered for your lease. Unless, of course, you have a tier 1 credit score. However, when you lease a used car, you’ll discover that the upfront money isn’t as high as it would be when you finance or lease the same model new off the lot. Why? Well, that answer plays into the second misconception.
Payments Are Too High
This is also false. When you buy or lease a new car, you are hit with the costs of the significant amount of depreciation that occurs the moment you drive it off the lot. This means that your monthly payments will be structured, especially for a new car lease, a lot higher to cover it. On the other hand, most of the depreciation has already occurred when you lease a used vehicle, which allows your payments to be lower every month.
Not Every Dealer Will Honor Used Car Leasing Financing
Financing is financing as far as many dealerships are concerned. So, while there are not many dealerships offering in-house used car leasing options, the used car leasing specialists at Drivrz Financial help bridge that gap. After you pick out your perfect car, we handle the financing part, and all you have to do is pick up your vehicle from the dealership.
Funding Is Too Slow
For some used car leasing companies, this is the case. They can take a long time to process your loan and get you behind the wheel of your dream car, but not with Drivrz Financial. We pay our dealers faster than other auto finance companies—within 48 hours in most cases.
There Aren’t as Many Options.
When you choose to lease a used car, you can get more car, options, and features for your money. And be able to upgrade every couple of years to a newer model thanks to no long-term commitments.
We hope this blog post clears up some misconceptions around used car leasing and helps make your search for your next vehicle easy. No matter what stage of your search you’re in, be sure that you call the used car leasing financing professionals at Drivrz Financial today at 1-(800)-436-0476.