5 Key Benefits Of Leasing A Car At Our Mansfield Car Dealership
Car Lease FAQs
Have Car Lease Questions? We Can Help
We know you have many options when deciding how to finance your next vehicle. From trading in your current vehicle or paying cash to get approved for an auto loan or a lease, you may be wondering which is the right choice for your needs and budget. While some may think purchasing a car makes more sense economically than a car lease, leasing has plenty of benefits to offer.
If you’re exploring your auto finance and lease options and want to find the most affordable rates available, visit our team at Spitzer Motors of Mansfield Chrysler Dodge Jeep RAM. We have a great lineup of the latest models from top brands including Chrysler, Dodge, Jeep, and RAM. We’re here to help you find financing that fits your needs and a vehicle you’ll love.
Here are four benefits of leasing to help you make a more informed decision.
Is A Car Lease More Expensive?
When you lease your new vehicle, you only pay for the vehicle’s depreciation during the term of the lease. For example, if your lease term is for 36 months, your payments will only include the depreciation of the vehicle during that three-year period. Your monthly payment is determined by calculating the difference between the current value of the vehicle and the residual value.
Once your lease has ended, you have several options: you can return the vehicle to the dealer, continue leasing it, purchase the vehicle outright, or choose a new vehicle to lease. The choice is yours!
How Do I Maintain a Leased Vehicle?
When you choose to lease your next vehicle here at our Mansfield dealership, your new ride is covered by a manufacturer’s warranty. Most warranties cover the vehicle for up to 36 months, depending on the model. Some major repairs are also covered under the warranty during the first few years.
Whether you are looking to lease a Chrysler, Dodge, Jeep, or RAM, you can rest assured your new car, truck, or crossover will be coverded for the long haul.
Is a Car Lease Better Than a Car Loan?
Often, your monthly lease payments won’t be as high as a loan payment might be. This means you can take home a higher quality sedan or SUV than you may be able to afford with an auto loan.
In addition to driving a brand-new vehicle for less, you’ll enjoy all the latest features new vehicles have to offer: smart technology, advanced safety, vibrant infotainment systems, and modern, luxurious interior touches.
At the end of your lease agreement, you can choose a new model and negotiate new lease terms, easily changing from one model to another without spending thousands of dollars purchasing a new car every few years.
Are There Tax Benefits?
If your new leased vehicle will be used for business purposes, you can write off your lease as a tax deduction. You will only need to pay tax on the usage portion of the lease, and not the entire purchase price of the vehicle. Compared to buying a new car, you can save hundreds of dollars in tax deductions.
Plus, most leases include gap insurance coverage, which will protect you and your vehicle if it is stolen or if you are in an accident. Speak to our sales team to learn more about gap coverage.
Trust Our Auto Finance Experts
Here at Spitzer Motors of Mansfield Chrysler Dodge Jeep RAM, we look forward to working with you to find the lease or finance plan and vehicle that works for you. We proudly serve the Mansfield and Ontario, OH areas and offer options for a variety of budget needs. Give our finance center a call or stop by if you have any questions or would like to get started on your next lease.