Lease Offers Near Harrisburg At Faulkner Cadillac Mechanicsburg

Why lease your next car

The major reason people opt to lease instead of buy is because typically they'll end up getting a lower payment on a car that could normally be out of their budget. This is because when you choose to lease you won't make payments on the latest sales price of the car, but instead the expected future valuation of the vehicle. We've all probably heard stories of how much a vehicle can depreciate once it leaves the dealer's lot, right? Basically, with leasing, you merely wind up financing the difference between what the vehicle may be worth up front and what it's residual value - what the car should be worth at the end of the lease. This set up creates a lower monthly payment compared to a classic automobile loan, wherein the customer must be lent the entire price of the automobile along with taxes and fees minus the down payment.

Fundamentally, the higher the retail price for the automobile you're looking at leasing, the less money has to be wrapped up in a lease. Looking at the bigger picture, the better the vehicle, the better it tends to retain its value, which means that leasing will help you get in to a good quality vehicle for substantially less than you'd expect. Plus, an additional perk with auto leasing is auto warranties ordinarily last three or more years which means you won't have to stress about repairing your car either.

Call us at 877-564-4197 or visit our mechanicsburg dealership to learn more about all the advantages of leasing a Cadillac.

What Makes a Good Lease Candidate?

If you can basically get a significant price reduction on a new vehicle by leasing rather then buying, you may ask yourself, "why would anyone choose to purchase a new car instead?" The reason is that leasing includes some policies and procedures that might not be reasonable for some drivers. Just below you'll see some attributes that Faulkner Cadillac Mechanicsburg believes will improve your chances for success with auto leasing:

• You tend to keep a car less than 6 years - Based on the terms of your car loan, virtually all cars are paid in full by the 6th year, which means that anything afterward would mean you don't have car payments and will usually still have equity in the car
• You have reasonable credit, though not much cash - Since most leases will not require much money down, if any, typically you should have a better than average credit score in order to be qualified for a lease
• You tend to not customize or modify your car - In a lease, you don't own the car, the leasing company does, therefore you can't make just about any changes to the vehicle
• You tend not to drive more than 15,000 miles in a year - Nearly all car leases restrict the distance you drive the vehicle to around 10,000 and 18,000 and typically, the higher the amount of yearly miles permitted, the higher the monthly leasing payment. In case you go above the annual number of permitted miles, you may be charged considerably when you bring back the car to the lot