How to Lease a Luxury Vehicle

By: Brenden Somerville   |   22 Nov 2016
Couple getting keys to new car

Luxury vehicles are a hot topic, and not just at a fancy car show. Many famous luxury automakers like Audi and BMW crafting cars and SUVs that don’t have to cost an arm and a leg. Leasing a luxury vehicle makes it possible to get behind the wheel without eating up your year’s salary. More and more auto shoppers are looking for a cheap car leasing program that doesn’t come with steep hidden sales taxes or sky-high interest rates. Lucky for most shoppers, interest rates continue to remain low, which means dealerships like Somerville Auto can continue to offer valued customers incentives like custom leasing packages including new stock and some of the industry’s most popular luxury sedans and crossovers. Although not every exotic on your fantasy car wish list offers such an amazing leasing option, there are plenty of beloved flagship models that are following suit.

Why Lease a Luxury Vehicle?

For anyone who is new to the car buying game, next to your house, purchasing a car will be one of the most expensive purchases you'll make. Unless you have $100,000 in your pocket, can write a check up front, many car shoppers turn to auto leasing as a means to offset the initial purchase, while freeing up additional cash flow to go towards other purchases. More than half of all luxury vehicles are leased for two or three years at a time, rather than purchased outright. Vehicle leases are based largely upon the difference between a car’s transaction price and what it’s predicted to be worth at the end of the term. There are close-ended leases, which refer to longer leases where the lender is responsible for one-hundred percent of the vehicle upon the termination of the lease, or open-ended leases, which are shorter but mean that the leasing provider, or owner, is guaranteed a predetermined value for the vehicle once the lease ends. Somerville Auto has plenty of cheap car leasing options that will work for you.

Steps to Leasing a Luxury Vehicle

At Somerville Auto, we’ve made leasing a luxury car easy. The first thing to do is to calculate your own credit score and get a practical idea of how much you’ll have to put towards monthly payments. Don’t worry if your credit score is not perfect-- our finance experts are able to help any individual, regardless of past credit scores. At Somerville Auto, we work with good credit, bad credit, and no credit at all! We are able to offer low-buyout auto leasing and craft a leasing program that works exclusively for you and your lifestyle, so you’ll never have to worry about struggling with monthly payments, which is all-too-real of a reality when dealing with luxury vehicles, which tend to be a bit more expensive than just your average car.

 

Do you have your eye on one of our luxury or exotic vehicles? Learn more about our leasing programs today! Call us at 1-(877) 503-5102 or contact us online for more details.

 

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