Reasons to Lease
Every year new technology is being brought into the car world. In the past five years alone keyless entry, parking sensors and Wifi have become the new standard in most vehicles. Keeping up to date with the latest car trends can get expensive. New Car Sales Manager Steve Samonte sat down with us to explain the benefits of leasing a new vehicle.
Leasing is the best option for customers who like to keep up with the latest technology. The vehicle you drove five years ago is very different from ones coming out today. These new inventions are made to make your vehicle experience easier. We believe your payments should be just as easy.
“You pay for what you use. The average person trades in every three to five years,” said Samonte.
Leasing a vehicle is very similar to financing. When financing a vehicle you have monthly payments to the bank. Leasing a car will also require monthly payments but they are much less expensive and easier to understand.
“It is an easy way to get into a brand new vehicle and keep up with all of the latest tech,” said Samonte.
The payments you make on a lease are to the manufacturer. You only pay for what you are using in a lease. The average person will trade in their vehicle every three to five years. Making monthly payments on a depreciating vehicle you do not plan on keeping is senseless for today’s fast-paced world. Depending on the vehicle you could save around $200 per month on payments.
Insuring a leased vehicle is exactly the same as a financed vehicle. They do ask if the vehicle is a lease, but it does not affect the cost of your insurance in Manitoba.
Leasing a vehicle also means that your repair bills will be almost non-existent. Most leases cover the entire span of the vehicle’s warranty. Most repairs made to your vehicle will be under the new car warranty. Safety is a priority for most drivers. Driving a new vehicle assures you are up to date will all the safety features available to you.
Next time you are in need of a new vehicle be sure to consider all of your needs, current and future. Technology and safety features are always changing. Leasing is the only way to assure you are keeping up with the latest features while keeping within your budget.