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What
are the potential benefits of leasing when compared
to conventional new-vehicle purchase loans?
Lower Monthly Payment-Because you are only
paying for the portion of the car or truck that
you actually use, your monthly payments are
30%-60% lower than for a purchase.
More Car-Since your monthly payments are
lower, you will be able to get more car for
the same money and drive a new vehicle every
two to four years, depending on the length of
your leases.
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Fewer Maintenance Issues-Most people like to
lease for a term length that coincides with
the length, in months, of the manufacturer's
warranty coverage so that if something major
goes wrong with their car, it's always covered.
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Upfront Cash-Most leases require little or no
down payment, which makes getting into a new vehicle
more affordable and frees up your cash for other
things. However, you can choose to make a down
payment to lower you monthly payment even more. |
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No
Used-Vehicle Headaches-With leasing, the headaches
of selling a used vehicle are eliminated. When your
lease ends, you simply turn it back to the leasing
company and walk away, unless you want to buy it or
trade it.
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