If you are considering leasing a car for the first time there are a few things that you should know. There is little doubt that a new car lease in New Lennox is a great way to get a brand new car but before you sign the final agreement, take a little time to better understand the basics of car leasing.
What is leasing?
When you lease a car you never own it, unless of course you wish to buy it at the end of the lease period. Think of a car lease as if it was a long term rental. When you rent a car you agree to keep it for the agreed time period and to pay a specific amount of money every month for the privilege. A typical car lease is for 36 months, after that you can return the keys to the leasing company and walk away or you can buy the car for the amount that was agreed upon three years ago.
The leasing company will set certain restrictions:
The cap on the miles driven: A typical lease will always contain a clause that sets a cap on the number of miles that can be driven each year of the lease period. In the event the mileage limit is exceeded you will be charged a certain amount for every mile over the limit.
Maintenance: One of the beauties of a car lease in New Lennox is the fact that during the entire term of the lease the car is covered by its warranty. You still are responsible for maintaining the car though; it is up to you to ensure the manufacturer’s maintenance schedule is followed.
Leasing is the ideal solution if you want to drive a new car every three years, you want to limit the amount of money put down and you want to have lower monthly payments. The only downside is that at the end of the lease you don’t own the car.
For many people, arranging a car lease in New Lennox gives them the opportunity to drive a better car for less money. To discuss leasing a new Volkswagen you are invited to visit Hawk Volkswagen of Joliet.
