How Do I Lease a Car
Many drivers looking into upgrading their car will likely run into something that raises a few questions—a lease. These people either don’t know what a lease is, or they don’t know if it’s right for them. Or they just don’t know how to get one started.
At Rockwall Ford, we want to clear up some questions regarding leases: How they work, and why they can be a great option for many drivers in the Rockwall, Mesquite, and Garland areas. Read more to learn how a lease may be the right option for your next car.
What Is a Lease?
A lease is another method of
car payment that doesn’t give ownership of the car to the
driver, but instead offers a high-end car for a low monthly cost. A lease sometimes requires a small down payment, but this is not always the case.
When you create a lease for a car, you sign an agreement with the dealership that says that you will return it in about two to three years. After your lease agreement is up, you return the car to the dealership and are given the option to lease another vehicle or
buy the vehicle you’ve been driving.
Is a Lease Right for Me?
Leasing is a good option for many drivers who want to get access to the most advanced cars on the road, but don’t want to pay the higher monthly payments that come with auto loans. With a
lease you have the ability to pay a lower cost at the expense of renting out the vehicle long-term.
If you want a new car and are comfortable with the idea of not owning the vehicle, this can be a great option. Because you don’t own the vehicle, you have to take care of your car and make sure the mileage doesn’t skyrocket.
How Do I Open a Lease?
Starting a lease contract is similar to buying a new car at first. You will contact the dealership to do a test drive, and you’ll consider multiple models and their costs. What you’ll want to do is talk to the finance department when you’ve reached a decision, to learn their leasing options for that car.
You’ll have to consider a number of things: the down payment on the car, the monthly cost, and the conditions in the lease agreement. Our dealership can work to craft a lease agreement that is suitable to your needs to ensure that you feel comfortable with everything about your car.
Schedule Your Test Drive Today
At Rockwall Ford, we have numerous lease deals on offer for drivers in the Rockwall, Mesquite, and Garland areas looking to lower their monthly payments. If you have any questions regarding our lease offers, our finance team is always eager to speak about what we have in store.
If you’re interested in leasing a new Ford vehicle, contact us online or over the phone to schedule a test drive today!