Many assume that leasing is like renting, but it is actually just another way of financing for a vehicle. Rather than you buying the vehicle directly from the dealer, a car leasing company buys it for you, and then you pay for the “use” of the vehicle. At the end of the lease, if you still love the car, you can buy at trade-in.
Why Lease Now?
As July nears its end, now is the best time to lease! As a rule, the best time to lease a car is at the end of the month. July is especially ideal too because most new vehicles are released from July through October. The benefit of leasing a car when it’s brand new is that you can take advantage of its peak residual value. A high residual value means that the car will maintain the majority of its value when you are ready to return. Higher residual also means lower depreciation, meaning lower monthly payments for you.
If you are thinking about getting a new vehicle, consider leasing as an option. Read more about the benefits of leasing vs buying a car.
Call D&M Auto Leasing for a free quote today!