Top Ten Reasons to Lease

No Major Outlay of Your Capital

A typical lease will require no down payment and your only cash outlay will be for a security deposit (which is refundable at lease termination). This means you use the capital of the lessor.

Lower Monthly Payments

All vehicles depreciate over time. A lease recognizes this fact up front, and the payment is calculated on the difference between the vehicle's original value and its expected value at the end of the lease term. It's like getting your trade-in value up front. The benefit is a lower monthly payment, based on your driving needs.

Better Investment Opportunities

With no major cash outlay and lower monthly payments, you will have more cash available to pay-off other bills or to put into savings. You can free up your line of credit for better application of interest earnings or profit making. This quote says it best:

"Buy what appreciates, Lease what depreciates" - J Paul Getty

More Vehicle for the Payment

If you have a fixed budget for your monthly car payment, a lease may allow you to drive a more expensive vehicle than other financing alternatives.

Selection Assistance

A lessor can guide you through your selection process, emphasizing vehicle type, resale values, and option availability, as well as explaining the types and terms of leases available, all with consideration to your driving and financial needs.

Payment Convenience

With a lease, there is no need to arrange bank financing. Also, a full-service leasing company can offer you vehicle comparisons and quotes on many makes and models. One stop shopping can save you a lot of time.

Efficient Vehicle Cycling

Leasing allows you to recycle your leased vehicle every two to five years before expensive maintenance costs occur. Be sure to choose the term that best reflects your anticipated use of the vehicle to maximize this advantage.

Eliminate Used Car Disposal

Trying to determine the value of a used car, or finding a buyer can be difficult; not so with a lease. At lease-end, you can simply drop off the car to the lessor. Of course the option to purchase is always available.

Inflation Fighter

You will predetermine your payment per month for the full term of your lease. Should you select a lease with a "buy-back" clause, your purchase price will also be predetermined; this has the affect of allowing you to buy the vehicle at lease-end with inflated dollars.

Simplified Tax Records

Many people who claim expenses for a vehicle prefer the simple record keeping that leasing provides. No need to calculate annual depreciation and monthly interests... it's all in your monthly lease payment.