When it comes to the world of auto financing, there are two major options: leasing and financing. While financing is great for many drivers, leasing is on the rise for multiple reasons.

  • Short-Term Commitment - If you prefer to have a vehicle for a short amount of time before trading up for a newer model, a lease is perfect for you. Leases tend to have a length of about three years, allowing you to upgrade often.
  • Lower Upfront Price - A loan is typically more expensive than a lease upfront. Leases are known for having lower monthly payments, low or no down payment options, and less expensive financing fees.
  • Lower Repair Costs - Most new car warranties last for about three years as well, which means your lease should be covered the entire time you're driving it.

If you have other lease questions, feel free to contact our Chevrolet of Ottawa dealership today!

Categories: Finance