How Does Car Leasing Work?

Woman getting out of 2021 Chevy Camaro

 

Many Bartow drivers rather lease their vehicle rather than financing, as it has plenty of benefits, including being a great way to get a new vehicle every few years. So, do you know how to lease a car? It’s quite a simple process, and we make the entire experience at Kelley Automotive Group seamless. For more information about vehicle leasing, be sure to contact us anytime!

How to Lease a Car

So, how does leasing a car work in Winter Haven? Let’s learn how to lease a car with these simple steps:

  • Determine the type of down payment that you’re comfortable with. The larger the down payment, the lower your monthly payments will be. You could score an even lower monthly payment if you have a trade-in vehicle to put towards the price. 
  • Be sure to take advantage of our lease specials, as you might be able to get some great discounts through national offers. 
  • Once you’ve agreed to the lease, be sure to know details like not exceeding the set mileage limit. Exceeding it can lead to additional fees when returning the vehicle. 
  • Be sure to keep a regular maintenance schedule, as this is often one of the lease terms you must adhere to. 

How to Return a Leased Car

Now that you know how to lease a car, it’s important to know how to return it once the lease is up. Let’s check out how this works in Lakeland below:

  • Submit your car for a pre-inspection.
  • Repair any issues that were found during the inspection.
  • Clean and detail the vehicle.
  • Make sure you wipe out your information from the entertainment system.
  • Be sure to have your lease paperwork and maintenance documentation.
  • Pay any fees.
  • You can now choose a new vehicle, extend your lease, or even buy your lease. You could also return the vehicle without choosing a new ride.

Advantages of Leasing Over Buying

There are quite a few benefits to leasing rather than financing a car. Let’s check out some of these benefits below:

  • Lower Sales Tax – Leasing a vehicle reduces sales tax in many states.
  • Simpler Trade-In Process – Simply turn in your vehicle at the end of the lease, then you can choose a new lease or purchase the car. 
  • Lower Monthly Payments – Because the monthly payment is based on the value of the vehicle at the end of the lease, you’ll have lower monthly payments than if you financed. 
  • Warranties – You will receive a comprehensive warranty with your leased vehicle if you stay within the mileage limits. 
  • The Latest Features – Leasing allows you to get behind the wheel of the latest vehicles every couple of years, allowing you to have the latest features the industry has to offer. 

Lease Your Next Vehicle at Kelley Automotive Group Today!

Now that you know the answer to “how does leasing a car work?”, visit Kelley Automotive Group for your next lease. Check out our new vehicle inventory, and meet with our finance center to determine a monthly payment that fits your budget. Be sure to check out our offers and incentives to save near Auburndale!

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