Why pay full price when you can lease your dream car at a fraction of the cost?
Top Benefits of Leasing a Car
One of the biggest advantages of leasing is affordability. You’ll typically enjoy lower monthly payments compared to financing a purchase, which means you can drive a better car for less. Leasing also means fewer maintenance concerns since most vehicles remain under warranty throughout the lease term. Plus, every few years, you can easily upgrade to a newer model — no hassle, no stress. For business owners, auto leasing may also provide potential tax benefits, as lease costs can often be written off — check with your tax advisor to see if this applies to you.
What Is Auto Leasing?
Auto leasing is a vehicle financing option that allows you to use a new car for a set period with monthly payments that are generally lower than traditional auto loans. Instead of buying the car outright, you're essentially paying for the depreciation that occurs during the lease term. At the end of the lease, you simply return the car, lease a new one, or in some cases, choose to buy it at a predetermined price.