Three Advantages of Leasing your Vehicle

There are of course the many new models on the market, and then there are the various options we can add to them. Then you have a host of protection and insurance plans as well. And finally, we have to determine whether we finance or lease our new vehicle.

This is a very difficult decision, there is no doubt about that. Ultimately, every solution, whether financing or leasing, offers attractive benefits. The best solution for us depends on our needs. Here are 3 advantages of opting for a lease.

It's Less Expensive

When we rent a vehicle, we only pay a portion of its total value. So we have a smaller amount to pay in the end, so it goes without saying that our monthly payment will also be less. The difference between the monthly payment of a rental and a financing can easily reach several hundred dollars.

Less Worry About Depreciation

Several choices are offered to the owners of a rented vehicle. They may decide to give back the vehicle at the end of the lease or to buy back and retain it or simply buy and resell it and if the residual value is less than the value of the vehicle on the market. Now, we all know that a vehicle loses a percentage of its value when it leaves the showroom of a dealer. If we finance our purchase, we have no choice to suffer this loss. With a rental, we can decide to absorb it or not at the end of the lease. If we hand over our vehicle to the dealer, we do not suffer depreciation.

There Are Tax Advantages to Leasing a Vehicle

For business owners or those who use their vehicle for work, there are considerable advantages to choosing leasing instead of financing. A financial planner will be able to help you understand them better.

To find out more, contact us today at one of the Groupe Grenier's dealerships!