The Benefits of Leasing

Leasing provides important advantages particularly to people with credit challenges.

  • Lower monthly payment for same vehicle
  • You only pay for what you use not the whole vehicle
  • Better quality vehicle at same payment range
  • Newer vehicle means less likelihood of repairs
  • Little or no down payment
  • Taxes paid only on monthly payment not full value of vehicle (not financing taxes)
  • No negative equity - longer purchasing terms means that vehicles are often valued lower than the loan obligation at the three or four year mark
  • Cost effective way to manage your expenses during the period that you are in a Proposal or Bankruptcy (higher interest for a shorter lease period rather than a longer finance term up to 84 months) Ideally you have improved your credit to qualify for lower rates and are no longer obligated to a high rate loan.
  • Options at end of lease - more choice less commitment
  • Don't have to worry about the effect of an accident on your trade value.  Being you don't own the vehicle, should you be in an accident and it is repaired you wouldn't be effected by the extra depreciation in value like you would be in a finance when you trade or sell your vehicle.




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