Leasing a car, truck or SUV at Miles Chevy is a simple process and a preferred route for many people in the market for a new vehicle. Incredible improvements in the leasing process over the years has made it a popular option for car buyers in Decatur and we've compiled a list to show you exactly why. Check out these advantages of car leasing and decide if it's the right option for you.
Drive a Better Car for Less
Can't afford to purchase that brand-new Chevy Silverado? Try leasing. Unlike with financing, when you lease a car you only pay the difference between the car's price and its expected value at the end of the lease term (residual value), allowing you to afford a better car for less money. In some cases, you could even end up paying for less than half of the car's actual price.
Get a New Car Every Few Years
If you like to drive a new car every 2-3 years, leasing is the best option for you. At the end of your lease term, which typically lasts three years but can be shorter or longer, you'll have the freedom to lease a brand-new Chevy in Decatur all over again. Upgrading to the newest model or a different Chevy vehicle is easier than ever when leasing.
Low Down Payment
Leasing a Chevy in Decatur generally requires the lessee to provide a lower down payment than if buying. The size of the down payment can vary depending on the lease structure and the individual's desired monthly payments, but it's still likely to be lower than if you chose to finance.
Low Monthly Payments
Monthly payments on a leased vehicle are typically lower than those of a financed vehicle. Depending on how much money you decide to put down at the beginning of your lease, you can achieve an even lower monthly payment to better accommodate your financial needs.
Low Repair Costs
Leasing a car for three years or less gives you the ability to take advantage of the car's factory warranty. This means most of the car's repairs during your lease term will be completely covered. You can rest easy knowing you won't have to shell out a ton of money for expensive repairs when leasing in Decatur, which is a huge draw for today's buyers.