What Are The Benefits Of Leasing? 
When you decide on leasing a new car, there are many benefits that come with a lease. Here at Larry H. Miller Chrysler Jeep Dodge Ram Bountiful, we want you to have all the information you need to make the best financial choice for your situation. Continue below to learn about the many benefits of leasing a vehicle.  
How Leasing Works
When you buy a car, you have the responsibility of paying the entire purchase price. You have three options; You either have to pay up front in cash, the trade-in value can be applied to the price, or you can finance the cost and you will have to pay interest on the loan. 

When you lease, you are only paying the car's expected value at the end of the lease (residual value) and the difference in the price that was negotiated. Basically, you are just paying for the depreciation that results over the length of the lease agreement.


Lower Monthly Payment
Unless you have a trade-in high in value or make a large down payment, leasing will almost always get you a lower monthly payment on the vehicle you choose. You can use that extra money you saved to add new features onto your leased vehicle or even upgrade to a nicer model. 

When you lease, you're almost always covered under the vehicles warranty due to the fact that most leases and most vehicle warranties are for three years. being covered under warranty is nice because you are covered if any major issues arise with the car.

No Hassle Return 
When the lease term is up, just simply drop the car back off at the dealership and be on your way.

Tax Savings  
Depending on where you live, you may be eligible for tax savings. Check with a financial professional in your area to learn how leases are taxed in your area. In some areas, you are only responsible to pay sales tax on the amount you pay at signing and on the monthly payments. In other areas, you'll have to pay tax on the entire price of the vehicle. 

Car technology advances rapidly today, each new model of vehicle that comes out has new safety, technology, and luxury features. When you lease a new vehicle, you can rest assured that you are driving with the latest features to make your driving experience the safest, most technologically sound, luxurious experience possible. 

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