Auto Loans Savannah, GA

Should You Pass Up on Auto Loans and Go with a Lease in Savannah, GA?

Sometimes, when you hear people in Savannah, GA, talking about buying vehicles, it seems like your only option is to search for auto loans. But that’s not entirely accurate. While most people can’t afford to buy a car with cash, there is another choice available. It might not be right for everyone, but leasing is a viable way to get yourself into a new ride. But how do you know if leasing is right for you? By taking a look at the basics of leasing, you can get a better idea if it’s something you should investigate. Who knows? It might just be the best way for you to get your next car.

Less Expensive Upfront

Often, leases are less expensive upfront than auto loans. Why is that? Well, you’re not actually paying for the entire cost of the vehicle. You’ll just be paying for how much the car’s value depreciates over the time you have the car in your possession. Therefore, there’s a good chance that you won’t have to pay as much for a down payment (if you even have to make a down payment at all). Your monthly costs might even be cheaper. And on top of that, you probably won’t have to pay for any minor maintenance, which can save you a lot over several years of driving a car.

Think About Mileage Caps

Did you know that when you sign a lease in Savannah, GA, you will probably be agreeing to a mileage cap? That’s right. When you go over a certain number of miles in a year, you’re going to have to pay a penalty to the dealership you got the car from. And most of the time, those penalties are not cheap. Therefore, if you drive around town a lot or like to go on frequent road trips, a lease may not be your best option. 

No Personalization

If you are the type of person who loves to personalize their vehicle, you may want to consider auto loans instead of a lease. You won’t get to make any significant changes to your car when you lease since the dealership still owns it.

There are so many great reasons to sign a lease in Savannah, GA. Come to Mike Reed Chevy and learn more about this amazing opportunity.