Just What Are the Benefits of Leasing?
Lease vs. buy is a conundrum plenty of drivers struggle with when they’re considering one of our new Porsche vehicles. To help you navigate your way to the right decision, we thought we’d make things easy by collecting together the key benefits that come with leasing. It’s not for everyone, but you’d be hard-pressed to find a driver not tempted by these compelling advantages.
What Are the Financial Benefits of Leasing?
Finances are clearly important, and reduced costs are a major benefit of leasing. Costs are reduced in three main ways.
- Lower Loan Rate: Your monthly payments will only represent the amount the vehicle is set to depreciate over the lease term, not its entire value.
- Reduced Down Payment: If you haven’t saved for a large down payment, leasing is a great option since that cost should be markedly lower compared to buying.
- Predictable Cost-of-Ownership: Leases typically last the same length as new-car bumper-to-bumper warranties, so maintenance visits and repair work will already be covered. Basically, you’re not going to get hit by an unexpected bill if something goes wrong.
What Are the Practical Benefits of Leasing?
Let’s pretend that money is no object – does leasing still come with any benefits? Well, yes it does. Probably the most persuasive is that you’ll never be too far behind the latest technology and engineering.
Look to our new Porsches and you’ll likely to find features that just weren’t available a few years ago, such as inbuilt Wi-Fi hotspots and the latest driver assistance technology. Look under the hood to find advanced engines that are more efficient that older powerhouses. When you lease, you can change up every three years or so to continue enjoying the latest and greatest.
Leasing is also extremely convenient. At the end of your term, simply return the vehicle and either go elsewhere or take a new lease. You may even be able to buy the vehicle outright if you’ve come to love it, and you’ll probably be eligible for an end-of-lease loyalty program.
Learn More About the Benefits of Leasing at Porsche Hawaii
We understand the deciding between leasing or buying can be tricky, and that it often depends on personal circumstances. If you’d appreciate some friendly and impartial advice, don’t hesitate to contact one of our team members today. You can also apply for financing directly.