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What are the reasons to do a no payment down lease?

By Product Expert | Posted in Finance, Tips and Tricks on Friday, March 22nd, 2019 at 3:11 pm
man signing a lease

Reasons to do a no payment down lease 

In recent years, leasing has increased in trend over buying a new vehicle. What are some of the reasons behind this? What are different leasing options and which ones would be the right one for you? Today Le Mieux Toyota will help explain different types of leasing. 

What’s a lease? 

Leasing has become popular as technology has been evolving more rapidly. After about two to three years, most devices seem to be out of date. The ability to lease a vehicle gets you ahead of that curve and allows you to stay up with the latest technological changes. 

When you choose to lease a car instead of buying one there are a few differences to keep in mind. Leasing a car allows you to drive the car for around three years. Depending on the contract between you and the dealership, the amount of years can range along the number of miles driven each year. Like most contracts, both the number of years and miles driven per year can be negotiated. The payments for leases are typically lower than if you were paying to fully own a vehicle. 

man hugging a vehicle

Doing a no payment down lease can be beneficial to you. Here is a list of a few reasons why you should consider it: 

  • Lower monthly payment 
  • No down payment 
  • No security deposit 
  • Only pay tax on the monthly payment, not the whole vehicle 
  • Less maintenance cost 
  • Can still use military or college graduate rebate 
  • ToyotaCare  

Read more: Three reasons to shop at Le Mieux Toyota 


Lease from Le Mieux & Son Toyota today 

Do you have other questions about leasing? Our team is here to help! Give us a call at Le Mieux Toyota today. From all of us at Le Mieux Toyota, we look forward to speaking with you! If you already know you want to lease, schedule a test drive today! 


Read more: How to tell if your car battery needs replacing 


 

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