More Buyers are Leasing Cars Than Ever Before… Here’s WhyJun 5th, 2018
In the past, there was traditionally only two ways to buy a car: People either paid for a vehicle with cash or they borrowed money from a lending institution with the agreement of paying it back with interest (also known as financing). You’ve probably noticed, however, your friends, family members, and coworkers are purchasing vehicles a little differently these days.
More people than ever before are choosing to lease vehicles instead. Why, you ask? Simple – for some people, it’s just an all-around better option. Leasing a car in Oakville, Ontario has never been more popular, and we’ll explain why.
Lower Monthly Car Payments
When you finance a car, the loan you take out to pay for it is based on the entire cost of the vehicle, minus any down payment you make. When you lease a car, you only pay for the depreciation that occurs during the length of time you drive the vehicle for.
Because you’re only paying the depreciation. your payments are lower than they would be if you were borrowing the whole amount of the vehicle’s worth. This means you have more money to allocate towards payments and can perhaps choose a nicer vehicle than if you were to finance.
You Always Drive with the Latest Features
Buying a car outright is a huge commitment. You’re stuck with your choice for at least a few years. Eventually, though, a vehicle’s technology becomes outdated. You’re stuck using old features and equipment that doesn’t meet your needs anymore.
Leasing is different. Leasing gives you the option of mixing things up every few years. When your vehicle starts to feel outdated, simply bring it in when your lease agreement is over and choose a newer vehicle.
Leasing means you always have the latest technology right at your fingertips. While some buyers are locked in for five or more years, you can upgrade and enjoy the newest high-tech features and innovations when you feel like it.
Just think, the first vehicle to feature Bluetooth was in 2001. Had you bought your vehicle in 2000, you would have missed the boat on a life-changing automotive technology and wouldn’t have been able to experience it until you traded your vehicle in or bought a new one, years later.
When your lease is over, you simply drive the vehicle back to the dealership and, if you wish to continue leasing, choose a newer vehicle. There’s no worrying about resale value or stress caused by selling it privately. You simply bring your vehicle back and the dealership does the rest of the work.
Never Have to Worry About Vehicle Repairs
Because they are new, leased vehicles are almost always covered by a warranty. This means that if your vehicle needs unexpected repairs and it is covered by the warranty, you won’t have to shell out hundreds of dollars to fix it.
Why Lease a Vehicle at Oakville Infiniti
There are a lot of reasons to shop with us at Oakville Infiniti, but the most important is our customer service. We put you first. Our goal is to help you find the right vehicle and payment structure that works best for your lifestyle.
We offer luxury sedans, coupes, and SUVS and have customers across the Greater Toronto Area including St. Catherine’s, Hamilton, Oakville and Mississauga. Leasing is a great option for people who want to drive a new car every two or three years, enjoy lower monthly payment and value the latest technology. If you have questions about leasing, financing or general inquiries about both, we would be happy to help answer them.