Buy a Used Car Instead of Getting Tricked by Leasing Fine Print
- HEFTY DOWN PAYMENTS: While the television commercials boast low monthly payments on a leased vehicle in big, bold letters, the down payment necessary to get that low payment is often left in the fine print. To get a low monthly payment on a leased vehicle, the buyer often has to have thousands of dollars to put down at the time of signing. In a time where money is an issue for many car buyers, finding a couple of thousand dollar down payment can be a challenge. Unfortunately, without the down payment, the monthly payment on a leased vehicle is not going to be the great rate advertised on television. A low down payment on used cars is generally more common.
- PAY ATTENTION TO YOUR MILES: Another factor that allows leasing companies to keep advertising low monthly payments is the mileage restrictions they put on the lease contracts. If you go over the allotted mileage for your contract, you have to pay for them when you return the vehicle. This can mean thousands of dollars extra by the time your contract ends. When you purchase a used vehicle, there are no fees tacked onto the end of your contract. You pay only what both parties initially agreed to.
- LEAVE EMPTY HANDED: So now that you’ve put thousands into a down payment and paid your overage on your miles at the end; what are you left with? Nothing. The leased vehicle goes back to the dealer to clean up and resell, further increasing their profits; and you are left, again, looking for a new car to lease or purchase. When you buy a used car from Auto City, when the payments are done, you walk away with a quality vehicle that is yours to keep rather than leaving you empty handed.
Don’t get sucked into the lease trap because you’re trying to save on your monthly payment. Come into to Auto City today and learn how we can get you into a quality vehicle you can afford, without tricks behind the fine print.