The team at Circle Buick GMC knows how overwhelming car shopping can be, and we want to answer some of the more popular questions. In this article, we will talk about leasing a car. A lot of people have no idea what leasing is and how it works. Read on below to learn about the benefits of leasing, as opposed to buying. Then, if you think leasing may be for you, you can check out our entire new Buick GMC inventory right online, and even get pre-approved!
What is a vehicle lease?
When you lease a vehicle, it is much cheaper than purchasing one because you only pay a percentage of the car’s total price; you only pay for what you use. There is no worry about how much it will be worth once you’re done with it, as the dealership takes it back when your lease is up. When you lease a car, you will always have the newest, most up-to-date gadgets. Leasing also allows you to you possibly drive a fancier car than you usually could have afforded. The up-front costs of leasing are lower as there is no down payment. All you have to do is pay the first month’s fee and a security deposit. At the end of your lease, you will have a few options, including signing on to a new lease, buying out the car you are currently leasing, or simply returning your leased vehicle.
Is leasing right for you?
If you are a person who loves having a new car every few years, then a lease may be the right choice for you. When you lease a vehicle, you only pay for the portion you use so higher-end cars become more affordable. So if you have always wanted that Yukon Denali, a lease could make that happen. The finance team at Circle Buick GMC works directly with GM, applying for your lease secure and straightforward.
What are the benefits of leasing a GMC?
There are a few benefits of leasing over buying. The first being cost. Because you’re only paying to drive a leased vehicle for a set period of time, the payments are typically lower than buying. Everyone knows that as soon as you drive your car off the lot, it loses value. When you lease, there is no need to worry about that. Contract lengths are short when you lease. A standard lease contract will be 2-3 years, whereas when you purchase a vehicle, it is 4-7 years. Another benefit of leasing is that your car will be under manufacturer warranty for the entire time you have it—no more worrying about maintenance and service fees.
Stop into Circle Buck GMC today to get your GMC lease started!
The finance team at Circle Buick GMC hopes you find this information helpful. If you have any other questions, please feel free to call a speak with one of us. We pride ourselves on our exceptional customer service, so if you are in the Highland, IN area, please stop in and see how we can help.