Why do people lease new & used cars?
Lower monthly payment: During a lease you do not pay for the residual value [residual is the buyout of the vehicle at the end of the lease] and as a result your monthly payments will be lower than if you financed the same vehicle. This means you can enjoy the same car for lower monthly payments or drive a more deluxe model for the same payment as a finance contract. Lower cash down: Although the amount of cash required at the beginning of a lease is dependent on your credit history, it is usually much lower than the 20 to 25% required when you purchase a vehicle and finance the balance. Trade Sooner: Many vehicle loans are sixty months or more and most people keep their vehicle for most of the loan term. Many people choose to lease so they can move to a different vehicle every three years or 36 months. That van that’s perfect for today may not be the right vehicle for a five year period. Reduce Risk: UlmerAutoGroup leases are ‘walkaway’ leases. At the end of the term [provided you have
