Leasing a vehicle provides a myriad of benefits. It’s simple, cost-effective and means you will be in a great car with no problems the entire time you are driving it thanks to factory and dealership warranties. An increasing number of people are choosing to lease their next vehicle as opposed to taking out a loan and purchasing it. This is mostly because leasing deals are a lot more transparent and simpler than they used to be.
If you are considering leasing a new Cadillac in Minooka but aren’t sure if it’s the right choice for you, here are some situations that we think are ideal for leasing.
You don’t drive a lot
Lease agreements have a cap on the number of miles that can be driven each year in the vehicle. If you go over, you will have to pay an increased fee. This is why a lease is a good idea if you live in a big city and don’t have to drive a lot. Usually, the mileage cap is around 10,000 miles a year.
You have kids
If you have small children, the last thing you want to happen is for them to be stranded on the side of the road because your car broke down. When you lease, you are going to get a new Cadillac in Minooka, so this problem is almost eliminated by the quality of the new car. On top of that, a lot of lease agreements have roadside assistance included.
You want lower monthly payments
There is no equity being gained with a lease, and there is much less interest. Because of this, your monthly payment will be much lower than if you were to purchase your automobile traditionally with a loan.