It’s time for a new vehicle, and you’re uncertain as to what you want to buy. You’ve always loved driving Chevrolet vehicles and would like to continue, so what should you buy? The good news is that your options are not as limited as you might think. Buying a used or new vehicle was your only option in the past, and the biggest decision you had to make was what make or model to buy.

Today, Columbia City, IN drivers have the option of not just buying a new vehicle but leasing one instead. If you have any questions about leasing, contact us at Ben Davis Chevrolet Buick in Auburn, IN, and allow us to offer our assistance. There are many benefits of leasing a new Chevrolet.

Lower Down Payment or No Down Payment

Coming up with a down payment is often a deterring factor when it’s time to buy a new vehicle. Although most shoppers try to put down as much of a down payment as possible to lower the balance, it’s often difficult for some shoppers. Many dealers or financial institutions may require up to 20 percent of the total price of the vehicle. When you’re talking about a brand-new vehicle, 20 percent can be a lot of cash. Leasing a vehicle can be a lot cheaper upfront because leasing often requires low down payments. If you have good credit, you may not be required to put up any down payment. Many Angola consumers would rather hang onto their cash than have it tied with as a down payment on something that’s only going to depreciate.

Lower Monthly Payments

When asked the main reason why they leased rather than bought a new vehicle, most drivers cited the lower monthly payments for their reasons. As surprising as it may seem, monthly payments on a leased Chevy are typically lower than they would be paying if they bought the vehicle. While the idea of lower monthly payments for the same vehicle, it’s just how the leasing process works. When you buy a vehicle, your monthly payments are based on the total price of the vehicle plus interest divided by the number of months you’ll be paying. When you lease a car, you are only making payments based on the price of the car and the amount the vehicle will be worth at the end of the lease. Depreciation is a shopper’s friend when it comes to leasing a vehicle.

More Bang for the Buck

It makes sense that your monthly payments will be less as well if the total cost is less. Because leasing offers smaller monthly payments, Kendallville, IN will be able to buy a better or more expensive car. For example, if you buy a car that costs $25,000, it depreciates to about $15,000 during the first couple of years (the term of the lease), so you’ll only be making payments on $10,000. You can lease a higher-value value and get more bang for the buck. Imagine being able to drive a leased luxury vehicle for the same as you’d drive a lower valued vehicle for the same amount of money.

Better Chance to Upgrade

Technology is constantly changing, and this is so apparent in the automotive industry. With the high cost of new vehicles today, many drivers end up having loans for several years. Some banks even offer automotive loans for up to six or seven years, which means that drivers are stuck with the same vehicle for many years. By leasing a vehicle, they can get a new vehicle every couple of years.

If you’re still uncertain as to if leasing is the best option for you and your family, come to Ben Davis Chevrolet Buick near Fort Wayne. Our trained staff can answer any questions you have about our special offers and what it takes to lease a Chevrolet. While you’re there, consider taking one out for a test drive.

Categories: Finance, New Inventory