Are you in the market for a new car? If so, you have the option to either buy or lease your new vehicle from a local dealership in the Orange County, California area.
Over the years, about one-third of the people investing in new cars have chosen to lease rather than buy. Leasing a car has become a very popular option for several reasons.
Do you want to know why you should lease a car rather than buy one when it comes to getting your hands on a new car? We're going to walk you through some of the reasons why you should do it here.
Continue reading to find six reasons why you should lease rather than buy the next time you need to secure a new car.
If you lease a car in 2022, you can expect to make monthly payments that are right around $500. While that amount of money is nothing to sneeze at, it's a lot lower than the average car payment for those who decide to buy a car as opposed to leasing it.
If you choose to buy a new vehicle, the current average monthly car payment is almost $700. This means you might be able to save yourself upwards of $200 each month, if not more, when you lease rather than buy a car.
Most people used to pay somewhere between $20Kand $30K for new cars. Back then, buying a new car rather than leasing it made a whole lot of sense.
But nowadays, the average cost of a new car is nearly $50K. That’s more than many people can afford to spend on a new car, even if they break up their payments over the course of five, six, seven, or even eight years.
However, this doesn't mean that you can't drive around in a new car. When you lease rather than buy a car, you'll be able to always sit behind the wheel of a new car without putting yourself into $50K worth of debt at any point.
Most new cars come jam-packed with dozens of incredible features that weren't found in cars as recently as just a few years ago. From large touch screens to safety features like collision warning and detection, these features will make a world of difference when you're driving around in a new car.
You might not be able to afford all these excellent features when you buy a new car, but you can manage when you make it your mission to lease one. You'll get to experience all these features for yourself while paying just a fraction of what you would have to pay to purchase a new car.
Many people hate taking their cars to auto repair shops to have mechanics work on them. Studies show that more than 60% of people dislike doing this because they don't trust mechanics.
There is no guarantee that you won't have to get any work done on a leased car. At the very least, you'll need to have the oil in it changed on a regular basis. You might also need to perform other maintenance and repairs on a leased car.
But in general, you won't have to do much to a car when you lease it since it isn't going to have many miles on it. You shouldn't have to shell out any money for major repairs over the life of your lease.
The same cannot always be said when you buy a car. If you buy a car when it's brand new, you should be able to avoid making repairs to it. But if you buy a used car, you’ll need to prepare to make repairs within the first few years of owning it since it'll likely have some miles on it.
Are you the type of person who enjoys picking out a new car to drive every few years? If you are, buying a new car and trading it in after just a few years won't make much financial sense. New cars often depreciate quickly, which might mean that you'll constantly be trading in cars and getting less than what you still owe on them.
You won't need to be concerned about this when you lease rather than buy a car. Leasing will allow you to drive a new car every few years without constantly taking on new car loans that could bury you deeper in debt.
Let's say that you lease rather than buy and fall head over heels in love with your leased car. At the end of your lease, you won't have to give it up. Most dealers will give you the option to buy your leased car from them so that you're able to eventually own it outright.
At the same time, you'll have the option to trade a leased car in at the end of your lease so that you can get something new. You might want to do this if you've seen other new cars that you like more than your existing one.
Whatever the case, you'll appreciate having options when you lease rather than buy. Buying a car isn't going to provide you with the same options by any stretch of the imagination.
Does the idea of leasing a car instead of buying it appeal to you? If so, we can help you lease one of our new cars at our dealership.
We can also provide you with incredible lease terms that will help you fit a car lease payment into your budget. It'll be an all-around great experience and will help you understand why more people should lease rather than buy.
Contact us today to talk to us more about leasing a new car.