Why Lease or Finance with Get A Car USA FAQs
What’s the difference between leasing vs buying a car?
Leasing offers more financial freedom and less long term commitment, whereas financing is an asset and can lead to no car payments in the long term.
What are the benefits of leasing a vehicle?
- Lower monthly payments
- Warranty protection throughout most or all of your lease term
- Flexible terms and mileage
- Ability to turn in or buy your vehicle at lease end
What are the negatives of leasing a vehicle?
- Mileage limitations
- No customizations
- Excessive wear cost
- Not an asset
What are my lease end options?
- Option 1: Turn in your vehicle and get a new one.
- Option 2: Make it yours by purchasing your lease.
- Option 3: Walk away no strings attached upon inspection.
What are the benefits of financing a vehicle?
- Customize the vehicle to make it uniquely yours
- Unlimited miles without penalty
- Build equity with ownership
- There are no charges for excess wear and use
What are the disadvantages of financing?
- Higher monthly payments
- Higher down payment
- Higher repair costs
- Vehicle depreciation
What if I want to break my lease early?
Each situation is a little bit different. However, we find that car owners who lease are in a good position to trade out of a lease into a new vehicle earlier than expected. Early trade in allows you to trade in your current lease for a new model and contract.
When is leasing a car worth it?
If you value new cars with all the bells and whistles, leases might be the best car financing options for you. Leasing allows you to change vehicles every few years so you can enjoy the latest designs, technologies, and performance features without the concerns of long term upkeep or significant depreciation losses.