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Why Lease a New or Used Car?

This is a question that many people want to know the answer to. As a certified lease consultant, let me give you a little different take on the answer.

We all know that for business purposes leasing is pretty much the way to go. But what about those of us who do general driving?

Here are some popular reasons to lease:
  • You get more car for the money
  • Lower monthly payment
  • Vehicle is always covered under warranty
  • Prefer to drive a new car more often
  • Don't like selling or trading your used car
  • No down payments
  • Lower sales tax (in most states)

These are all very good reasons to consider leasing, but let's take a look at some you may not have thought of.

Does this sound familiar?

You finance a car for 60 months and, for whatever reason, in 36 months you are ready for something else. At first, you think maybe you can sell your car until you realize you owe more than it's worth. So it's off to the dealer to try and work a trade and you end up burying all that negative equity into the next deal. And the cycle continues.

A lot of people have good intentions of paying off their car loan and keeping the car at least for the duration of the loan. If you actually do this, surf on over to another site and stop wasting your time deciding whether you should lease.

Unfortunately, most people end up trying to get out of their loan early because they want a different car. Or they decide they want a lower payment so they refinance their current loan.

If you are like most people, you will ALWAYS have a car payment. This gets to my final answer:

If you always have a car payment, you should absolutely consider leasing.

Check it out right now by using our Leasing Service to instantly compare lease vs buy payments.

-Tarry E. Shebesta, OCLC (Ohio Certified Lease Consultant)

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