When Does It Make Sense to Lease a Vehicle?

May 31st, 2018 by

2018 Chevrolet Equinox Driving

If you are looking to get behind the wheel of a new Chevrolet vehicle, you have two options for financing your car, truck, or SUV: financing or leasing. While many drivers choose to finance their vehicle, there are number reasons why leasing might be the better option for you. Read on to learn how leasing can save you money, time, and hassle and how your Syracuse or Fayetteville commute can benefit from a visit to Sun Chevrolet.

The Benefits of Leasing Your New Chevrolet

While not all vehicles are available for lease, most of the new Chevrolet vehicles in our lot are, and the benefits of taking advantage of an affordable lease contract are many:

  • Lower Down Payment. Lease contracts typically require a lower down payment from drivers, which means less money up front.
  • Lower Monthly Payments. Unlike a purchase contract, which is calculated based on the total value of the car, a lease contract only requires that you pay for the depreciated value. This means your monthly payments can be significantly lower.
  • Warranty Protection. Lease contracts typically run between two to three years in length. This short term means that any major repairs, unless caused by driver negligence, should be covered by the warranty.
  • Greater Affordability. Because lease payments are lower, drivers can typically afford a higher-end car.
  • Reduced Taxes. When you buy a vehicle, you pay sales tax on the total value of the vehicle. This tax can add several hundred dollars to your purchase price. When you lease, however, you’re only paying taxes on the amount being financed.
  • Greater Flexibility. Leasing allows drivers to upgrade their vehicle frequently without a lot of extra out-of-pocket cost or the hassle of trying to sell their old car first.
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Lease a New Chevrolet Vehicle from Sun Chevrolet Today!

Learn about the new Chevrolet vehicles, like the 2018 Chevrolet Trax, and get a better Utica commute for less. Contact Sun Chevrolet or visit our showroom in Chittenango to learn more about leasing.

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Posted in Leasing a Car