How Do You Know if Leasing a Car is Right for You?

Thinking about leasing a vehicle? Leasing is just one of the flexible options available to new car shoppers. Building the right leasing program is easy when you work with the right financial services team. The GTA is the perfect place to cruise around in a leased luxury vehicle or perfect family sedan and finding the right financial arrangement is key to enjoying your next car, truck or SUV. If you’re new to the leasing game there are a few things to consider before you sign off on a new lease agreement. For all those who are considering leasing a car in the GTA, we've come up with a few questions to help you decide if it's the right choice for you.

1) You drive less than 25,000 KM annually.

Leasing a vehicle comes with distance limitations. Typically you get about 25,000 km annually but this can range depending on the make, model and dealership. You may be able to negotiate the lease agreement to receive more kilometres or a lower penalty for overages but lease agreements are often best for people who tend to put low mileage on their vehicles. If this sounds like you then leasing may be perfect! If you’re a commuter, then leasing may be less attractive as your burn up those valuable kilometres on the QEW just going to work. Take a moment to think honestly about the distance you travel daily, and the flexibility you need in your vehicle.

2) You can’t get enough of that new car smell

Are you constantly upgrading to the latest and greatest model? One of the biggest perks to leasing a vehicle is the ability to upgrade and explore the greatest new features. With all the tech advances happening in the car industry it’s easy to see why people are so willing upgrade. Lease terms are typically 3-4 years long with the option to buy at the end of your agreement. When you’re term is up it’s time to shop again! This keeps you in the most stylish vehicle year after year.

3) Looking for a bit of extra style?

Lease agreements can allow you to drive away with a more expensive model than your budget would allow you to buy. Lease payments are typically less money (depending on the agreement) than financing plans. This can give the driver a bit more wiggle room when choosing a model and can be a good opportunity to try out that luxury vehicle you’ve been eyeing.

Leasing a car can be an incredible opportunity to try out new models, new brands and keep up with technological advances with interior comforts and advanced safety features. If any of the above descriptions sound like you, talk to a representative today. Negotiate your lease agreement right out of the gate and find a plan that works for you. Finding the balance between budget needs and style is made easier through leasing. Contact Somerville auto if you’re in the GTA to learn more about leasing a car in the Toronto area.