Lease deals have been becoming more attractive to the average car buyer over the past decade. If you're a person who likes to drive the latest and greatest vehicle or likes to trade vehicles every few years, you may want to look into leasing.
Leasing has become popular with car buyers because it's an easy way to drive a lot more car and still have an affordable monthly payment. Most people will purchase a vehicle and finance it for five years. The average person will trade a vehicle in within 32 - 39 months and most likely still owe more on the vehicle than it's worth.
The reason most people shy away from leasing a car is because they say, "they like to own their vehicles." Well, if you're like the average person and finance your vehicle for 60 months (5 years) and end up trading it in every 36 or so months...You never end up owning the car anyway, the bank or lender does.
Leasing is not for everyone. People who put extremely high miles on a car or buy a vehicle to keep until the wheels fall off, should stay with a traditional retail installment contract (purchase) or pay cash.
As for the mileage limitation, if you're purchasing the vehicle or leasing the vehicle, mileage will ultimately end up penalizing you either way. An appraiser will look at a vehicle and determine, depending on the region and appraiser, 12,000 - 15,000 miles a year as average mileage. Anything more, there will be a deduction from the vehicles value. If you in a retail installment contract and you go over the average mileage, you're still going to be penalized when you want to trade it in.
Leasing a vehicle takes a lot of headache out of the trading and buying another vehicle every few years. Many automakers are offering some very attractive car lease deals on luxury and popular vehicles this June. Many of these offers allow you to drive a really nice, brand new vehicle for under $300 a month. On most of these deals you'll need $1,500 or a couple thousand dollars down. There are a few lease deals in the month of June that do not require any money down. Although these offers are far and few between, they're out there.
Mazda is offering qualified lease candidates 2015 Mazda MX-5 Miata for $299 per month for 24 months with $0 due at signing. If you're in the market for something a little bigger, Honda is offering its 2015 Honda CR-V for $209 per month for 36 months with $1,999 due at signing OR $260 per month for 36 months with $0 down and no first month's payment. Interested in a luxury vehicle, Mercedes-Benz has their 2015 Mercedes-Benz C-Class lease deal at $399 per month for 36 months on C300 Sport Sedan with $,4553 due at signing.
Remember: Always ask what your mileage limitations are and always read the fine print. Leasing incentives vary by region, can change or be cancelled without notice. They're also subject to vehicle availability. You should always check with several dealers in your area to get a good idea of what's available in your local market.
Before you go to the dealership, check out June's best least deals below to find one that fits within your budget.
|Vehicle||Payment & Term||Due at Signing||Expires|
|2015 Buick LaCrosse||$279 per month for 39 months||$3,359||06/30/2015|
|2015 Mercedes-Benz C-Class||$399 per month for 36 months on C300 Sport Sedan||$,4553||06/30/2015|
|2016 Kia Sorento||$259 per month for 36 months||$2,499||07/06/2015|
|2015 Mazda MX-5 Miata||$299 per month for 24 months||$0||07/06/2015|
|2015 Volkswagen Golf SportWagen||$330 per month for 36 months||$1,999||06/30/2015|
|2015 Ford Edge||$249 per month for 24 months in the West, Northwest, and Southwest||$3,049||07/06/2015|
|2015 Chevrolet Colorado||$299 per month for 36 months||$2,469||06/30/2015|
|2015 Cadilac ATS||$299 per month for 36 months||$2,469||06/30/2015|
|2016 Acura MDX||$439 per month for 36 months OR $520 per month for 36 months with $0 down and no first month's payment||$2,999 OR $0||07/06/2015|
|2016 Hyundai Elantra||$179 per month for 36 months||$1,499||07/06/2015|
|2015 BMW X1||$299 per month for 36 months on sDrive28i||$3,844||06/30/2015|
|2015 Subaru Legacy||$229 per month for 36 months||$1.999||06/30/2015|
|2015 Lexus NX||$369 per month for 36 months||$2,499||06/30/2015|
|2015 Honda CR-V||$209 per month for 36 months OR $260 per month for 36 months with $0 down and no first month's payment||$1,999 OR $0||07/06/2015|
|2015 Nissan Murano||$299 per month for 36 months||$2,699||06/30/2015|
Negotiating the price of the car is the same, no matter if your leasing or purchasing vehicle. If you're considering leasing a new car, truck, or SUV in the month of June, I recommend using a free online referral service such as Edmunds and TrueCar to guarantee you pay the lowest price. These services provide you with valuable information that will tell you what others are paying in your local area for the same vehicle your considering.
They'll also provide you with valuable insight on which dealers in your local are more flexible on pricing and willing to provide you with the largest discounts.
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