Is Leasing Right for Me? | Fall River, MA

 

Leasing a vehicle is an option many people don't consider when purchasing a new vehicle, but it has a number of benefits that could save you money in the long run. If you're tired of the cycle of buying a new vehicle only to turn it back into the dealership later, putting the resale value towards your next ride, then leasing may be a more budget-friendly option.

The Downsides

First, there are a few downsides to leasing. If you decide you don't like the vehicle you're leasing or want another one, then you may have to pay some contract termination fees. There's also a mileage restriction over the life of the leasing term, and you have to be careful to keep up with maintenance to prevent damage, since you technically don't own the vehicle. However, these are minimal sacrifices if you find that leasing could be better for your budget.  

The Math

Here's some simple math: if you lease a brand-new vehicle that costs $25,000 at the beginning of the lease term and $17,000 at the end of the lease term, then you only have to cover the cost of depreciation over the lifetime of the agreement. That is to say, you'll only pay $8,000 in full, which means that you can put less money on a down payment while still reducing monthly costs.


If you like to have the latest technology and style in your vehicles, keep your cars in good condition, and aren't attached to the idea of owning a car, then leasing may be the better option for you. If you're still not sure if you want to buy a car or enter into a lease agreement, then merely stop by Empire Hyundai, where we'll be happy to talk you through the process, providing you with information that will help you make an informed decision. Contact us or visit us at 428 Pleasant Street, Fall River, MA 02721 today!

Contact

Empire Hyundai Inc.

428 Pleasant Street
Directions Fall River, MA 02721

  • Sales: (508) 730-2829
  • Service: (508) 730-2829
  • Parts: (508) 730-2829

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