Why do people lease cars instead of buying them?

By Product Expert | Posted in Financing, Tips and Tricks on Monday, May 18th, 2015 at 3:36 pm
Benefits of leasing a Volkswagen in Springfield MO

Benefits of leasing a Volkswagen in Springfield MO

Dare we say it? There has to be at least as many advertisements for leasing vehicles as there are for buying them. You may be wondering why anyone would lease a vehicle when, in the long run, you’re only going to end up returning it. It’s the same concept as buying a house rather than renting an apartment, but many people choose to rent too. Let’s look at some of the benefits of leasing a Volkswagen in Springfield MO to get a better understanding of why it’s a great choice for certain lifestyles.

Keeping up with the Jones’

The grass is always greener on the other side. Keeping up with the Jones’. However you say it, we want whatever is newest, flashiest and has the most features and we feel envy toward the people who do have these things. When you purchase a vehicle, it’s an expensive investment, and it can take years to pay off the loan. By the time it is paid off, it’s true that it’s yours, but maybe you start wishing you could slide into something once it’s only five years old. When you choose to lease a vehicle, that option is entirely yours, only most leases are only for three years. Many times you can choose to purchase a vehicle if you fall in love, but if you don’t? It’s out with the old and in with the new.

Schedule a Test Drive

Cost is everything

As we said, there are frequently as many specials on leasing as there are for purchasing a vehicle. You’ve likely also noticed the cost of monthly payments for a lease are much lower. You can also frequently provide a lower down payment with a lease than you might when buying a car. The Save money when you leasereason leasing is so much less is because of the expectation that you will return the vehicle. When you return it, the dealership can sell it as a used car. So it’s a bit like you’re only paying for the years you’re actually using.

Maintenance? What maintenance?

When it comes to cost, ownership can get pricey once you get past the first few years. Oil changes will always be a frequent expense, but that’s nothing compared to wear and tear. When you lease, you get to return the vehicle before the expensive costs kick in, and usually around the time the warranty ends.
Think leasing might be the right choice for you? Contact us to speak to a financial expert or stop by the dealership today to discuss your options.