If you're like a lot of first-time car shoppers, it's exciting to pick out a new or used vehicle, but one of the first roadblocks you'll encounter is finding the right financing option for you. We often hear questions from guests at our Ciocca dealerships from Allentown to Atlantic City like, "Should I buy or lease my next car?" Well, we'd love to delve into the benefits of the latter option with you in our Leasing 101 breakdown.
Now, there's no shortage of benefits to leasing a new car from one of our dealerships near Philadelphia and Williamsport, but let's start off with the primary drawbacks. First and foremost, leasing is only available for brand-new models, and you'll have to keep within some limitations on mileage and wear and tear during the term of lease. Plus, with a lease, you don't actually own the vehicle outright, but rather pay to drive it during the lease term.
However, even with those minor drawbacks, there's no shortage of great reasons to lease your next car at Ciocca dealerships around the greater Quakertown, PA area. For example, leasing often requires little to no down payment, and often offers lower monthly payments compared with financing a comparable new car with a car loan.
Best of all, a lease is perfect for folks who love the feeling of driving a new car every few years. With lease terms that run from 24 to 48 months, you can trade up to a nicer newer car with no turnaround time.
Interested in learning more about leasing a new car with the Ciocca family of dealerships? Feel free to get in touch with our financing team today.