Benefits of Leasing


Leasing can be a great opportunity to get the vehicle you want with the bonus of paying less. Here are just some of the advantages you’ll experience when you lease a vehicle from Presidential Auto Sales here in Delray Beach.
 

Depreciation


The biggest downside to buying a new vehicle is depreciation. A car depreciates just from driving it off the lot. Most of the deprecation for a new vehicle happens in the first couple years.
But what if you were only paying for that depreciation? The difference between loans and leases is that payments on a purchased vehicle are for the whole cost of the vehicle, whereas lease payments are only for the value lost in the term period.

A dealership calculates how much a new vehicle is worth and what its residual value will be when the two or three year term is over. Then you make payments on that depreciation. That’s why leases are so much more affordable than a loan.
 

More Car


Since the payments are lower, you have more room in your budget. That allows you to get a better car than you would if you purchased it. For example, a loan for a regular sedan may be the same price as a lease for a premium sports car. Your budget doesn’t allow you to buy a sports car, but it does allow you to lease one.
And with lease’s short terms, you can be in a nice car for a few years, turn it in at the end of the term, and put yourself right back in a nice new car. And it most likely will cost the same.
 

Maintenance


The convenient part of leases is that term lengths are usually the same as the warranty length. That means you’re under warranty to whole time you have the car. The manufacturer takes care of unforeseen problems. And most dealerships provide regular maintenance like oil or brake changes as complimentary.
 

Tax Benefits


Those with their own businesses may be able to write off the cost of a lease. Check with a tax consultant to see if you’re eligible to lower your taxes by leasing a quality vehicle.


Stop by Presidential Auto to sign a new lease on a new vehicle. It’s a great way to afford a shiny new vehicle while minimizing your monthly payments and keeping your options open to upgrade to a newer model two or three years down the road.