Lease or Finance?
Leasing
You can get more car for your money. Leases require a smaller down payment and lower monthly payments.
Lease a new car every three years to have the most up-to-date technology and safety features.
If your vehicle will be used for business purposes, nearly all leasing expenses are deductible.
Finance
There is no restriction on mileage.
When your loan is paid off, the car is yours and you can usually count on a few debt-free years.
As the car owner, you are free to choose the maintenance and care that is made to the vehicle.
What is residual value?
It is the car’s agreed-upon value at the end of your lease. The residual value is determined by the number of years and mileage put on the car.
What if i have a few payments left?
The residual value effects the payment of the vehicle, therefore if you do wish to end the lease early, depending on miles, condition & type of vehicle, you may either loose money, break even or in certain cases come out profitable.
Before you decide to get out early, speak to one of our team members, at clutch auto group, it’s our moral obligation as a brand to advise you the best route to take that is financially BENEFICIAL FOR YOU! Consult with us today!