Are You Thinking About Leasing a 2012 Chevrolet Dallas Fort Worth?

 Chevrolet Dealerships Ft WorthSo you’ve got your sights set on that new 2012 Chevrolet, but you haven’t quite decided whether or not you want to lease it or buy it. If you turn on your radio or TV, odds are you’ll hear at least one car commercial about “leasing starting at x-amount of dollars”. But has anyone really ever explained what all leasing entails? If you’re considering leasing a new Chevrolet, make sure you fully understand the process before hand. After all, this is a HUGE decision; one that will affect you financially for the next two to six years. Here’s a overview of the pros and cons. In the end, you may find that leasing is the best option for you or you may decide to go ahead and buy.

The easiest way to do explain leasing is to compare it to renting an apartment. You pay a pre-determined monthly fee to live in an apartment, but in the end, you do not own that apartment. Think of it this way… When you lease, you are making monthly payments to use the vehicle. When you finance a loan, you are making monthly payments to own the vehicle. Sounds easy enough to understand, right?

Advantages

Flexibility: Leasing is a shorter commitment than buying. The average leave is two to three years, while financing a loan for a car typically lasts between five and six years.

Lower Monthly Payment: Since you are not making payments toward the full purchase price of the car (including interest). This will give you a little more spending money during the month or even allow you to drive a more expensive car.

No Maintenance: This is a big plus for most car leasers. You will be driving a brand-new car that will most likely never have to be taken in for maintenance.

Disadvantages

Nothing to Show in the End: When you’re lease expires, you will have to return the car and have nothing tangible to show for all of those payments you made. If you had financed a loan for the car, ever payment you’ve made has gone toward the purchase price of the car (including interest).  If you spent $200 a month on a lease payment, at the end of two years, that’s about $5000 gone. And don’t forget, you’ll have to bring that car back and have to start from scratch on either a new lease or finance loan.

No Modifications: Another downside to leasing is the fact that you cannot make any modifications to the car. So no new stereo or speakers, larger or different tires, etc. You will also have to stay within the allowed mileage. If you go over, it can get pretty pricey. One other important thing to note is that you will have to pay out of pocket for any damages to the car.

I know it’s a lot to digest and think about, but this is a decision that has to be entirely made by you. Here’s a helpful video you can watch that will further explain the pros and cons of leasing a car. If you’ve already made your mind up, head over Classic Chevrolet Texas and start driving that new 2012 Chevrolet in the Dallas-Fort Worth metroplex today!

Thanks to Cassidy Schafer for contributing.

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