There is a big difference between leasing a new vehicle and buying one, and there is no right or wrong choice, it’s just a fact that some people are leasing people and some people are buying people. I know you’re thinking okay well which one am I? Well Don’t stress I’ve done the hard work and I found a handful of examples of individual traits for “leasing people.” If you find that you fit a lot of them, you might want to look into leasing your next vehicle!

• You like driving a new vehicle every 3 or 4 years:

• Some people love driving a brand new car every few years
• If you know you’ll be getting a new car in a few years, leasing could be the ideal choice

• You’re a low mileage driver:
  • If you drive between 10,000 and 15,000 miles per year, a lease is the right fit for you.
  • However, if you exceed the miles in the terms of your lease, you could be charged a hefty fine at the end of your lease

• You have good credit and you’re financially stable:

• Unlike buying a car, once you sign a lease there is no easy way to get out of it
• So if you decide you want to terminate your lease or can’t make a payment, you could face some hefty fines

• You take good care of your vehicle:

• Just like renting a property, you’ll likely be required to put down a security deposit on your leased vehicle to ensure you’ll pay for any damages when you turn your vehicle in at the end of the lease

• You want a more expensive car than you can afford to buy:

• Often when you lease a car instead of buy, you don’t have to put down as much cash up front
• You’ll also find that your lease payments will be much lower than if you had purchased the car and gotten a loan for the same time-frame as your lease

If you think that you fit a lot of these traits you might want to look into leasing a vehicle. If you’re still unsure on what you want to do you can always speak further about it with a salesman or the financing office at our dealership or any other! Don’t forget to conduct your own research, it is always better to be prepared and in the know!