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There are two options available to consumers when buying a vehicle: leasing or financing. We can also pay cash for our purchase, but here we give you some advantages associated with leasing.
Ultimately, there is no right or wrong option. Both financing and leasing offer interesting advantages. The key is to identify our needs and choose the right option for us. The lease is for those who want to keep their monthly payment as low as possible, change vehicles frequently or want to use their vehicle for work.
Lower monthly payment
The main advantage of leasing is the lower monthly payment. In fact, with a lease, we get a lower monthly payment than with a purchase. This means that it is possible to get a better equipped model for the same monthly budget, or just reduce our portion of our budget that goes to the vehicle.
More options
When buying a vehicle with financing over five years (or more), it is quite difficult to replace our vehicle early because of the depreciation that affects all new vehicles. But when we lease, we don't have to worry about depreciation and it's easier to replace our vehicle after three or four years because of the shorter term. If you think your needs will change over the next few years, leasing is more advantageous.
More benefits for self-employed workers and businesses
Leasing is generally more advantageous from a tax point of view. Your financial advisor can give you all the details.
Come and discover our financing and leasing offers at Glenmore Audi!
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