Benefits of Leasing a Vehicle

In the past you may remember us going over the benefits of buying a new car. For some people, this presents a pricey means of transportation. There is, however, an alternative. Leasing a vehicle can serve many benefits as well that buying won’t allow you to do. Take a look at some of those benefits below!

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Driving New Without Paying New

The biggest upside is probably the fact that you won’t have to pay a large amount of money. Since you’re only paying for the depreciation of the car, there is no principal payments that need to be made. With the new car and new features you’ll also enjoy the benefit of a manufacturer’s warranty, which may include free oil changes and other maintenance services.

Tax Advantages

Leasing a car can also have tax advantages for business owners, as it is seen as something that could be tax deductible. Buying a new vehicle will likely not offer this same opportunity.

Less Hassle

When you buy a new car, you may be left with a lot of hassles and paperwork when you decide to get rid of it. First of all comes the decision of whether you’re going to sell it or trade it in. If you choose to sell, you have to come up with the advertising for your vehicle and storage for it while you wait. If you choose to trade it in, you might be losing money that the dealership will account for since they have to take care of everything.There are many benefits to buying a car as well, but today was all about the leasing aspect. If you’re interested in learning more about how the leasing process works, get in touch with the team here at Arlington Acura in Palatine! We’ll be happy to show you the pros and cons of each so you can make the most educated decision for yourself.
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