We all have priorities, and such preferences make us decide if we are to lease a new vehicle or purchase the car. Some drivers feel that leasing or buying a vehicle rests on the fact of cents and dollars. While others think it is the emotional connection to the vehicle that will determine if you should lease or purchase a car.
But what about you? Which do you think is right? Is it to lease or buy a vehicle? Well, before deciding, we have first to understand the key distinctions.
Key Factors To Consider Before Leasing A Vehicle
- To lease a car means you want to rent a car for a specific period without equity being built.
- If you decide to buy a car, you should know that you are the owner and that you can build equity in the vehicle with your monthly payments.
But, is there benefits of leasing a car?
- Every few years, you have the privilege of getting a new car.
- There is going to be a tax reduction.
- There would be no resale hassle.
- You will have a lower monthly payment.
But despite all these benefits, Experts concluded that purchasing a vehicle is a good decision financially for the long term.
When you decide to lease a vehicle, you are renting the car from the car dealer for some time. The period is usually 36 or 48 months. By the time your lease period has elapsed, you will have to return the vehicle to its owner, or you can otherwise buy the car at a predetermined amount which has already been added to the lease contract.
There is a huge difference when you decide to buy a car because purchasing a vehicle shows that you now own the car after paying off your loan.
Main Advantages Of Leasing A Vehicle
People tend to drawback on leasing because no equity of the vehicle is acquired. And they feel that it is similar to renting a car for a specific period because after you have made your monthly payments, you still don’t have ownership of the vehicle each time the period of leasing expires. But do you know that there are advantages to leasing a car? We are going to consider a few of the benefits.
Lower Monthly Payments:
People who are concerned about the monthly cost of getting a new car have the opportunity to make a lower monthly payment. Such payment is significantly less than when you want to indulge in a car loan. With leasing, you can as well go for a luxurious car at an affordable leasing price. You will make sure that your insurance will cover any lagging charges.
A New Car Every Few Years:
Everyone likes to feel like a king; hence, driving in a brand new car each year will increase your ego. If you’re going on a budget and do not have the money to buy a new car every year, then through leasing, you achieve to use a new vehicle each year.
A warranty of three years comes with a lot of new cars lately. So if you go for a three-year lease, it will cover the repair of the vehicle because of its warranty of three years. Through leasing, there has been an elimination of hazards to unforeseen expenses.
The leasing process has helped so many people today who long to use a new car. As we have seen above, leasing a vehicle is less flexible when compared to buying. But such a leasing contract doesn’t give support to any customization.
Despite the benefits of leasing, there are still some disadvantages involved, so proper consideration needs to be followed before you decide to lease a vehicle. Keep in mind that your driver’s needs, financial situation and individual lifestyle will help you make the right decision.
Fort Lauderdale’s Most Trusted Car Leasing Company
If you’re looking for car leasing in Fort Lauderdale or the Miami area, Signature Auto Group Florida is the place to be. As a leading leasing broker, we help customers with early lease exits, lease swaps, new leases, and everything in between. With two decades of experience in the New York area collected, our company is confidently expanding its expertise to the South Florida region.
Becoming the go-to company for early lease exits in Miami and Fort Lauderdale is no easy task, but with our commitment to customer service led by a motivated staff, our entry is already favored by most. Standing by you every step of the way, our company strives to guide you in the right direction. Whether buying, leasing, or selling, a dedicated team member is here to attend and impress.
Along with our excellent staff, Signature Auto Group Florida offers a diverse array of services, separating itself from other car dealers in South Florida.
Car Leasing Florida
Serving areas from Aventura to Boca Raton, our reach is vast. As such, our inventory is built to serve all types of clients. With an impressive list of available cars for lease in Miami, we have a special vehicle for everyone.
Leasing a car is beneficial for many consumers. It provides a way to save on costs while evading any long-term commitments. Drivers remain open to the possibility of new vehicles, always able to keep their driveways fresh.
With our extensive industry knowledge and decades-long relationships, we’ve been able to build one of the most desirable inventories around. With most makes and models available, our lot is the only place you need to visit for your next lease.
Contact Signature Auto Group Florida Today!
Signature Auto Group is the best destination for car leasing in the Fort Lauderdale and Miami area. We offer an extensive inventory made up of all makes and models, along with an experienced staff dedicated to making your next visit pleasant and straightforward.
We aim to provide as many avenues of communication as possible, allowing you to interact with our team in a manner that is most comfortable to you. Regardless of the question, feel free to email us directly at firstname.lastname@example.org or use the built-in contact form. If you prefer a call instead, you can reach our team at (561) 709-2277.
You can also stop by our location to speak with us in person. We are located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.
Fort Lauderdale, Florida Car Leasing Return Center
If you have an car lease that is due to reach maturity, we at Signature Auto Group Florida can accept your lease return even if you did not lease it from us, all makes and models! Let us guide you through the process of turning in your current lease as well as provide all the information you need on leasing a new car.
If your lease is maturing soon, we suggest that a pre-inspection of your vehicle is conducted. This inspection will evaluate your vehicle’s condition using the Vehicle Condition Guidelines. After the inspection, we’ll provide you with a Vehicle Inspection Report, documenting your vehicle’s condition at that time. Save Big by returning your car with Signature Auto Group.
Fort Lauderdale, Florida Car Lease Transfer
A lease transfer works by allowing one driver to transfer their lease to another, who must qualify for credit approval with the finance company. A lease transfer is a simple process in which the name on a lease account is changed for the duration of the term. Other than the registered driver and the name on the lease, the remainder of the lease contract is unchanged. This includes mileage restrictions, wear-and-tear restrictions and the total length of the lease in months.
Fort Lauderdale Early Car Lease Buyout
Want to get out of your car lease early and into another car? Signature Auto Group Florida offers an early lease buyout program just for you. When you are leasing a vehicle, you can purchase your vehicle before the end of the lease contract. There are some instances when your car may be worth more on the market than your buyout price, and in this instance, you can actually make a profit!