Financing vs. Leasing A New Vehicle At Liberty Family Of Dealerships

The Benefits of Leasing a Vehicle

With a lease, you essentially rent the vehicle from the dealership for a set period of time, usually two to three years. Benefits include:

• Lower monthly payments: Since you are only paying for the depreciation of the vehicle over the lease term and not the full purchase price, monthly lease payments are usually lower than financing payments
• Always under warranty: Leased vehicles are almost always covered by the manufacturer's warranty for the duration of the lease, so any repairs are usually covered
• Flexible terms. Lease agreements are usually more flexible than financing agreements. You can choose a longer or shorter lease term and set an annual mileage allowance that fits your needs.