Common Questions About Buying vs Leasing
How old do you have to be to lease a car?
To lease a car, you have to be 18 years old.
If you saved enough money for a 20% down payment, should you buy or lease?
Buying a vehicle may be the best choice because the large down payment will help keep your monthly payment costs low and will help pay off your car faster.
If you're into the latest technology for your car, should you buy or lease?
We recommend leasing your car if having the latest technology is a priority for you. Most lease agreements last 2 to 4 years, so you will always be driving a car with the latest technology features.
If you have a long daily commute, should you buy or lease?
Most lease offers have a mileage limit, so we recommend buying a vehicle if you have a long daily commute.
When is the best time to lease a car?
The best time to lease is shortly after the model year is introduced because that's when the residual value will be the highest. In other words, there's a good chance you'll save money on the deprecation cost.
Can you modify a lease car?
It depends on the dealership. Modifying your car by adding a remote start system or setting up a different stereo system may not be a problem. Check with your dealership for more details.
Can you buy the vehicle at the end of the lease?
If you're nearing the end of your lease and you realize the car meets your lifestyle, you can definitely buy the vehicle. Your lease contract will detail the price at which you can purchase your vehicle at lease-end. Contact your sales consultant to learn more about financing options.