Get a new car more often

If you’re the type of driver who likes to change your ride every few years, leasing may be for you! Lease terms are typically designed to last for two or three years and leasing a vehicle is a great way to get a new car, truck, van, or SUV without facing high depreciation.

Lower residual values

Since a used vehicle starts with a lower price tag than a brand-new vehicle, the residual price will also be lower. This can mean a more lucrative deal for you when you’re offered the buyout deal at the end of your lease term.

Lower insurance costs

You can save 25-50% when you buy a like-new used vehicle vs a brand-new car. Because used vehicles tend to have a much lower sale price and insurable value than new cars this can also mean a pre-owned leased vehicle will also cost less to insure.

Lower upfront cost

Secure the car, truck, or SUV you want while keeping more money in your pocket! Leasing a pre-owned vehicle will often require a smaller down payment than if you were to finance that same vehicle for purchase.

Lower monthly payment

Choosing to lease a car can often result in a lower monthly payment. This is because you’re not paying for the vehicle’s entire lifespan, instead you’re essentially renting it for an extended period of time. For well-qualified lessees, this can mean substantial savings.