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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.

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.

Lower 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.

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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