LEASE & PURCHASE VEHICLES IN HARTFORD, NEW HAVEN AND WALLINGFORD, CT
With 8 dealerships in CT, the Executive Auto Group understands your automotive needs. We know that choosing between leasing and financing is as important to you as choosing the right vehicle make and model.
The primary benefits of leasing and financing below offers an overview and more specific information is available at any Executive Auto Group dealership. You might also want to visit Lease Guides Consumer Car Leasing Guide, but the following should help you get a good start on deciding what’s best for you; to purchase or lease.
Of course, selecting the vehicle that fits your needs is the first step and driving the vehicles you’re considering is the best way to narrow your choices. To test drive hundreds of different cars, trucks and SUVs in CT visit Liberty Mazda or Liberty Honda in the Hartford area, Executive Honda, Executive KIA, Executive Dodge JEEP RAM or The Executive Auto Center Used Car Center in Walling ford and Acura by Executive, Executive JEEP or Executive Nissan in North Haven.
LEASING
In a lease, you do not purchase an automobile. You contract to use it for the first, and best, period of its life. Following are some additional benefits to leasing.
- Less Cash Up Front – One of the biggest advantages of a lease is that it does not usually require a substantial down payment. In CT dealerships, you can even pay the sales taxes as part of your monthly lease payment, rather than in a lump sum.
- Lower Monthly Payment – If the finance period is the same, your monthly payments will be lower when leasing (vs. financing) because your payments will be based on the vehicle’s estimated depreciation. (You are contracting to use a portion of the car’s value, rather than buying the entire car.)
- A New Car More Often – Your taste and preference may change, and a lease makes it easy to drive a new car more frequently. Additionally, you may have needs for a larger or smaller car in a few years, and a lease makes it easy to plan for such changes.
- Guaranteed Future Value – You don’t have to worry about resale value. If your car depreciates more than the estimated residual value in your lease contract at full term, you can turn it in at the end of your lease term. But if it’s worth more, you can buy it and keep it or resell it. A lease gives you either option.
FINANCING
If you typically keep your vehicle for five to ten years, then financing with an auto loan may be your best option. The Executive Auto Group of dealerships offer many choices in the best way for you to finance your new vehicle, with competitive rates and terms designed to meet your needs. At Executive we know that bad things happen to good people so those with blemished credit can buy a car with Guaranteed Credit to buy a car.
- Pride of Ownership – Ownership can instill a sense of pride. It can also build equity. Payment by payment, an owner’s equity may increase.
- No Restrictions on Mileage – This is important to consider if you drive more than 12,000 to 15,000 miles per year.
- Make Changes to Car’s Appearance – You can customize your vehicle by altering the interior or exterior to suit your taste (though your choices may affect the resale value.)
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