Leasing a new vehicle can seem like a great way to get a quality automobile for a low monthly payment, but it’s not always as it seems. Television commercials boast low payments for fresh off-the-assembly line vehicles, but when it comes to saving money, buying a used automobile from a reputable used car dealer, like Auto Center of Texas, is often the better option. Consider these factors before making the decision to a lease a new vehicle.
Hefty Down Payments
While the television commercials boast low monthly payments on a leased vehicle in big, bold letters, the down payment necessary to get that low payment is often left in the fine print. To get a low monthly payment on a leased vehicle, the buyer often has to have thousands of dollars to put down at the time of signing. In a time where money is an issue for many car buyers, finding a couple of thousand dollar down payment can be a challenge. Unfortunately, without the down payment, the monthly payment on a leased vehicle is not going to be the great rate advertised on television.
Here at Auto Center of Texas, you can drive away in one of our great quality vehicles for just $99 down!
Another factor that allows leasing companies to keep advertising low monthly payments is the mileage restrictions they put on the lease contracts. If you go over the allotted mileage for your contract, you have to pay for them when you return the vehicle. This can mean thousands of dollars extra by the time your contract ends. When you purchase a used vehicle, there are no fees tacked onto the end of your contract. You pay only what both parties initially agreed to.
You Leave Empty Handed
So now that you’ve put thousands into a down payment and paid your overage on your miles at the end; what are you left with? Nothing. The leased vehicle goes back to the dealer to clean up and resell, further increasing their profits; and you are left, again, looking for a new car to lease or purchase. When you buy a used car from Auto Center of Texas, when the payments are done, you walk away with a quality vehicle that is yours to keep rather than leaving you empty handed.
At a first glance, leasing a new car may seem like a great option; but for your time and money, purchasing a quality used car from Auto Center of Texas can have a better long term result. Used vehicles already come with lower sticker prices, which mean lower monthly payments. Auto Center of Texas works with everyone regardless of bad credit and down payments. In the end the car or truck you choose is yours to keep. What more is there to think about?
Don’t get sucked into the lease trap because you’re trying to save on your monthly payment. Come into to Auto Center of Texas today and learn how we can get you into a quality vehicle you can afford, without tricks behind the fine print!