When considering your Chevy leasing options, you also need to consider the pros and cons of choosing to lease a vehicle. There are lots of factors to consider, so let’s look at a few.
Pros When Considering Chevy Leasing Options
Immediate and Monthly Cost Savings
The cost savings with leasing may start at drive off. Because there’s no down payment, you may pay a couple of hundred to a couple of thousand dollars less for your car up front. It depends on the car, the cost of your first month’s payment, and any fees you have to pay at drive off when leasing. The savings may continue when it comes to monthly payments, as lease payments are often more budget-friendly than car payments when you buy a vehicle.
Better for Less
Leasing a car isn’t just for people who need lower monthly payments. If you have some extra cash to spend on your lease payment, you could lease a higher trim or a car with lots of nice add-ons. This may lead you to lease a nicer car than you could afford to buy.
Upgrade Your Car Regularly
Chevy releases upgraded models out of their lineup, and leasing a car lets you get a new vehicle every two to three years on average. This lets you enjoy the most up-to-date infotainment technology, driver assistance features, and other safety advancements.
Cons When Considering Leasing Options
End-of-Lease Fees
Leases usually give you a set number of miles you can drive over your lease period. If you go over this limit, then you may have to pay fees. You might also have to pay wear and tear fees if your car isn’t maintained well, especially with open-end leases.
Never Upgrade Your Car’s Parts
If you want to upgrade your car’s parts or make permanent cosmetic changes to the vehicle, then leasing probably isn’t right for you. You can’t replace your car’s parts or make any permanent alterations to its appearance, as you don’t own it.
Never Pay Off Your Car
Although you may save money in the short term when you lease, the payments never end. When your lease is up, you can lease another car, and there’s no break from making monthly payments. People who buy cars and drive them for a long time will eventually pay off their loan and may drive their car with no payments for a few years before getting a new one.
Come to Coughlin Chevrolet of Pataskala in Pataskala, OH. We’ll help you finance your new car, whether you get a car loan or lease your next Chevy.
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