About Buick, GMC Lease Deals: How They Work

What exactly can you expect when leasing a Buick, GMC in Dayton? In some ways, leasing a car is similar to buying one. You do some research and compare models online, go to the dealership, and test drive the models you like to see which one is really perfect for you. Then, you decide on the color, trim level, and options you want for your car or SUV, and talk about financing options.

But there are a few differences between purchasing and leasing a car, and most of them happen at the close of the lease term. When you are finished with your lease, you need to choose whether to buy your car outright, or trade it in and start a lease on a new one. This is completely your choice, but many people enjoy trading their car in for a new model every three years.

If you really love your car and want to buy it at the close of your lease, you’ll need to contact us to get a payoff quote and instructions to purchase your car.

Is There a Downside to No-Money-Down Leases?

Zero-down leases in Ohio are popular for someone who wants to drive a brand new car without a pricey initial investment, but they might not be the ideal choice for you.

When you make a down payment on a typical lease, this reduces the total amount of money on the lease and decreases your monthly payment amount.

Consider it this way: invest in a larger down payment now and you will reduce your monthly payment cost. Pay no money down and you’ll pay a little bit more every month.

If your goal is to save money on leasing a Buick, GMC, negotiate the best price for you from the get-go. Having the lowest price on a car will typically result in lower monthly payments.

Are There Penalty Fees for Breaking a Lease?

Car dealers only make money off of a lease if you make all of your payments through the end of your lease term. That is why lease terms include penalties for breaking a lease.

Should you default on a lease, you may have to do one or more of these things:

• Pay an early-termination fee
• Pay all leftover monthly payments
• Pay extra fees to prepare the vehicle for resale
• Pay the “negative equity” on your car, or the difference between the lease amount and the current value of your car Before you do anything, though, read through your lease contract to see which of these fees apply.

Is It Better to Buy or Lease a Car in Dayton?

Only you can determine whether it is better to lease or buy a car in Ohio. Take a look at the following advantages of each option to choose what is best for you.

Whether you are going to buy or lease a car, Reichard Buick GMC is here to help.

Pros of Leasing a Car in Ohio

• When you lease a car, you’ll have lower monthly payments.
• There is sometimes a warranty to cover the cost of repairs. (Ask dealer for details.)
• It’s easy to trade in for a new car every two or three years.
• You can afford to drive a nicer car or a newer model. Advantages of Buying a Car
• You won’t drive the same car as everyone else. If you own your car, you can customize it any way you want.
• You can drive as much as you want without a mileage penalty.
• There is a certain pride when you own a car.

When you determine whether buying or leasing a car is a better option, visit Reichard Buick GMC. Let us help you find the right car, with the Buick, GMC financing program that works best for your situation. — Search Car Lease Deals in Dayton —