Regardless of what auto brands are your favorite or where you’re looking to buy your next new car, the chances are that you’re discovering the impact of the Covid supply chain shortages firsthand. Many automakers have been faced with delays in launching their new models, whether because of microchips or simply manufacturing delays. It’s turned the new car market into an overpriced frenzy for many buyers in the United States.
Today, your used car leasing financing friends at Drivrz Financial wanted to discuss some of the best reasons you should lease used instead of buying a new car. Of course, many benefits come with leasing a used car. Still, for today, we’re going to focus on the ones that are most impacted by the Covid new-car marketplace and the lack of inventory that many dealerships are facing throughout the United States.
You Have More Choice
One of the most significant impacts that the lack of inventory has had on new car buyers is there can be few options to choose from. You’re stuck only being able to purchase the cars dealerships have on the lot instead of ones that come with all of the features you’re looking for unless you want to wait months or longer for a custom-built model of the car you want.
By choosing to lease a used car, you can have more selection with the features, creature comforts, and technology you want in your next car, truck, or SUV. There isn’t a shortage of used vehicles on the market. They’re already built and ready to buy.
More Car for Your Money
Just like you have more choice in the model and features inside a leased, used car, you also get more car for your money. In addition, because there is far less depreciation when you lease a used car, your monthly payment amount goes much further. So, if you want to spring for the high-end luxury vehicle you’ve always wanted, you can afford to by leasing used.
Pay Less on Your Car Insurance
The lower depreciation that occurs when you drive a leased used car comes with lower payments on your insurance. Insurance companies base the amount of your monthly premiums on the cost to replace your vehicle versus the amount it’s actually worth. Leasing used puts your car closer to the replacement value than if you were to drive it off the lot brand-new.
These are our top three reasons to lease a used vehicle instead of buying new. There are others worth considering, such as lower down payments and quick funding to consider as well. So, if it’s time for you to get rid of your old clunker and get behind the wheel of a car with all the bells and whistles, then it’s time to call the used car leasing financing pros at Drivrz Financial at 1-800-436-0476!