Acquiring and maintaining a vehicle all require effort. Sometimes more effort than you probably feel you have. Perhaps you consider it fun to scour the ads, scope out the best deals, contact the seller, schedule a viewing, test drive, etc. Here are some Car Leasing Options that will win you over.
No Down Payment Option: Making a down payment when leasing can lower your payments, but many times it is not necessary. You may not have cash to put down, so leasing gets you in the driver’s seat sooner. If you do want to make a down payment, great, this just means that you lessen the amount of payments to complete your lease term. Car Leasing Options remove the restrictions common to buying. As such, payments for leasing are not determined by what you pay for the vehicle, they are set by what is called a lease-end residual value, the difference between the purchase price and the diminished value at the end of the lease. So leasing a Toyota versus a Ford vehicle means your payments are less on the Toyota even if the purchase price is the same to begin, since the Toyota has a higher lease-end residual value; one of many great Car Leasing Options.
Term (Lease months) Option: Among other Car Leasing Options, you are able to choose lease terms that fit your budget, which in turn helps you to avoid paying for major repairs. Standard terms are 24, 36 and 48 months; other leasing terms are sometimes available. Sixty month or more lease terms are not recommended.
GAP Insurance Option: Make sure you get it. GAP insurance covers the difference between lease balance and market value. The difference may total over several thousand dollars. Many leases have this built-in, but make sure to check. If the car is stolen or totaled, you are not on the hook for the difference that the insurance does not pay. Car Leasing Options allow you to drive with ease.
Car Leasing Options give you choices, unlike buying a car where you are stuck with one vehicle, you will again have Car Leasing Options once your lease is up.