Leasing Advantages
At Express Auto, we offer a 36-month lease to all of our customers. With a lease, you are essentially renting the car for a fixed amount of time (36-months). There are many advantages of leasing a vehicle from Express Auto, including lower out-of-pocket costs! Check out the list below for more advantages.
Thinking about leasing a vehicle? We'll lay out all the advantages of leasing over purchasing a vehicle.
-
Lower Risk
Leasing provides a fixed trade-in value so you pay only for the use (depreciation) of the car for that period instead of absorbing the full depreciation cost of the vehicle.
-
Flexibility
At the end of your 36-month lease you can buy the vehicle for the remaining residual balance, turn the vehicle back in or begin a lease on a new vehicle.
-
Lower Payments
You only pay for the lease of your vehicle, so the lease payments can be the same or lower than when purchasing a car.
-
Credit Advantages
Leasing a vehicle has less impact on your outstanding credit. We also report your payments monthly to the credit bureau which can boost your credit score when payments are made on time and in full.
-
Tax Advantages
You do not need to pay the initial sales tax on the full price of the vehicle that you would have to when purchasing. There is also a substantial sales tax savings when the vehicle is traded in before the end of your lease.