Leasing a new vehicle offers several advantages compared to purchasing one outright. Some of the key advantages include:
Lower Monthly Payments: Lease payments are typically lower than loan payments for purchasing a new vehicle since you're only paying for the vehicle's depreciation during the lease term, rather than the entire purchase price.
Lower Upfront Costs: Leasing often requires a lower down payment or sometimes even no down payment, making it more affordable to obtain a new vehicle.
Warranty Coverage: Most leased vehicles are under warranty for the duration of the lease term, so you don't have to worry about expensive repairs for major issues.
Access to Newer Models: Leasing allows you to drive a newer vehicle with the latest features and technologies more frequently than if you were to purchase, as lease terms typically last two to three years.
