616 N. Lake St. | Forest Lake, MN 55025
After helping you through the process of choosing which vehicle you want(see New Cars), we will help you decide whether it's better for you to lease or purchase.
For those who don't care for a large down payment or a large monthly payment, then leasing may be an option. For those of you that like to have the comfort of having a new car that is covered by warranty and has minimal maintenance exposure you may find that leasing is preferable to buying. If your business needs that write off option, then leasing may be a viable option. The bottom line is that there are many reasons to consider a lease, but it is important to make sure you understand the particulars of the lease and to make sure that the lease program fits your needs as opposed to you fitting the programs needs. The details of a lease arrangement can be quite complicated, with the overall cost depending on the car's estimated residual value at the end of the lease period, yearly mileage, interest, and many other factors. Remember that payment does not always equal cost. We can help you weed through the advantages and disadvantages of each depending on your particular situation.
There may times during the lease itself when you need some help with decisions. For example, your mileage is running much higher than anticipated, should you drive it to term and pay the mileage penalties or do you cycle out early and go into something different that will better suit your driving habits? Also, at the end of a lease, you may want help in deciding whether it would be to your advantage to buy the car for its residual value or turn it back to the lender and look for something different. Give us a call and we will help you decipher the options.