Lease Center in Fairfield, Ohio
If you're interested in a new vehicle from our inventory, you might assume your only option is to get a car loan. While many shoppers choose to finance their vehicle, another option is to lease a new vehicle and take advantage of available lease offers and specials.
When you lease, you can enjoy the comfort, convenience, and efficiency of a new vehicle along with other unique benefits. Here’s an overview of how leasing works to help you decide if it’s the right approach for you.
Frequently Asked Questions
Some basic differences between buying and leasing a new vehicle
Some basic differences between buying and leasing a new vehicle
When you want to drive home in a new vehicle, an auto loan is one way to make that happen. With a car loan, you borrow money to cover the cost of the vehicle and then pay it back through regular monthly payments. When you lease a vehicle, you're not purchasing it outright; instead, you're essentially renting it for a set period of time.
Leasing contracts typically run for 36 months, after which you'll return the vehicle to the dealership. At that point, you can consider several options, including leasing another vehicle, purchasing the vehicle you've been driving, or exploring other vehicles in the dealership's inventory.
Some Benefits of Leasing a New Vehicle
Some Benefits of Leasing a New Vehicle
One of the main reasons shoppers choose to lease is that it can require less money upfront and offer lower monthly payments than financing the same vehicle. Lease terms can provide an affordable way to drive a newer vehicle while keeping more money available for other expenses. If managing your monthly budget is a priority, leasing may be a great option to consider.
Who Should Consider Leasing?
Who Should Consider Leasing?
Anyone looking for lower monthly payments or a more flexible way to manage their budget may want to consider leasing a new vehicle. Leasing can also be a good option for shoppers who prefer a lower upfront cost and enjoy driving a newer vehicle with updated styling, features, and technology every few years.
Here's What Happens at the End of Your Lease Contract
Here's What Happens at the End of Your Lease Contract
About 30 to 60 days before your lease ends, you'll typically schedule an appointment with the dealership to have your leased vehicle inspected. A trained technician will review the vehicle for any excess damage or wear and tear beyond what's outlined in your lease agreement.
You'll also be responsible for any mileage driven beyond the limits set in your contract. Once the lease term is complete, you can simply return the vehicle to the dealership rather than going through the process of selling or trading in a vehicle you don't own.
What are my options at lease-end?
When you return your leased vehicle to our dealership, you have several lease return options. One choice is to step away from leasing and buy a new or used vehicle. That gives you the chance to build up cash value every time you make a monthly loan payment. Another option is to buy the vehicle you've been leasing, and you'll know it's in good condition because you've been taking care of it. One additional choice is to sign up for a new lease, and then you'll get the latest styling and features.
Contact us at Jeff Wyler Fairfield Auto Mall in Fairfield, Ohio and we'll help you decide if leasing is right for you.