When someone says they are leasing a car, what do you think about it? Do you think leasing a vehicle is the best option for a new car purchase? If you are like most people, you may have some negative preconceptions about vehicle leasing. But leasing is a smart option for many new car buyers.
According to recent statistics, over 30% of all new car purchases are leases. This number has held steady around that percentage for the last few years, even though there are many advantages of leasing. Here are the top 3 misconceptions about leasing a new vehicle.
Leasing is not Advantageous for the Buyer
Leasing can be a great option for a new car purchase if you are going to keep the car for 3 years or less. The monthly car payments are lower for leasing a car, so you can save a lot in those 3 years. If you want to keep the car for more than 3 years, then purchasing outright may be the better option.
Leases Can’t Be Negotiated
This is completely false. You can negotiate almost every aspect of your new vehicle lease. And you can also negotiate the trade of your vehicle at the end of the lease, you remember that you have the power in negotiation.
Leasing is Subject to Large Fees
It is true that there are fees associated with going over your mileage and any damage to your vehicle, but if you are aware of the mileage restrictions and are a safe, well insured driver, you won’t need to worry about any extra fees.
Leasing is a great deal for car buyers who are not keeping their vehicle for over 3 years. So if you are in the market for a new lease, head over to TrueDealerCost.com and get the bottom dollar pricing on a new vehicle.