If you need a new car, one of the first decisions you’ll need to make is whether you should lease or buy. Though both options have their advantages, leasing offers several benefits that are enticing to many consumers. Here are a few reasons to lean toward the lease.

4 Benefits of Leasing Your Next Car

1. No Loans

Many drivers receive auto loans to pay for their vehicles. However, you'll need to have exceptional credit to obtain a low-interest rate. Otherwise, you could get stuck paying a high rate or get denied for the loan outright. Leasing makes it easier for drivers without an elite credit rating to have a car without a loan because auto leasing companies are not quite as strict. 

2. Lower Monthly Payments

Leasing a vehicle is a more economical choice over buying. The monthly payments are generally smaller and more manageable. Leased payments can be low enough for you to have a car that would be out of your budget under other circumstances.

3. Few Repairs & Maintenance Costs

Depending on the terms and lengths of your lease, your new car could be under the manufacturer’s bumper-to-bumper warranty for the entirety of the contract. This coverage means you won’t have to pay out of pocket for expensive repair bills. Though you’ll still be financially responsible for standard maintenance and upkeep, the costs are substantially lower when you don’t have to worry about something major happening under the hood.

4. No Selling

Once the term of your lease expires, you’ll have several options for the vehicle. You can return it to the dealership, begin a new contract, or, in some cases, purchase the car at a predetermined price.

One thing you’ll never have to worry about, however, is the ordeal of selling the car when you’re ready for a new one. Selling a vehicle you purchased can be a time-consuming task, and if you decide to trade it in at a dealership, you’ll need to do homework to make sure you receive a fair trade-in value. 

If you’re ready to lease a new car, truck, or SUV, reach out to the team at McGraw-Webb Chevrolet. Located in Camden, AL, the professionals at this dealership pride themselves in providing superior customer service and helping clients find the best deals on vehicles. In addition to the latest makes and models, they also boast an impressive inventory of certified pre-owned cars. To browse their vehicles, visit them online. Call (334) 682-4258 to schedule a test drive today.