Vanguard Lease Company

Lease vs. Buy
Leasing and traditional buying each offer unique advantages. Here's what you need to know when   you choose between them.

More Americans are choosing to lease their new vehicles than ever before. Here are some of the reasons:

Low payments
Since you're only purchasing the right to use a vehicle for a period of time, your financial responsibility and your monthly payments are reduced significantly.

Peace of mind
Most leases last for 2-3 years, the period when a new car is most reliable and enjoys the most extensive warranty coverage.

When a lease expires, you simply turn your vehicle in. There's no need to worry about selling it or trading it in.

Most people who lease enjoy driving a brand new car every few years. And if you spend a lot of time on the road for business, leasing can also offer attractive tax advantages

Most Americans still choose to finance their new cars with a loan. Financing a vehicle offers:

Once you've paid off your loan, you own your vehicle free and clear. You can keep it as long as you like, and while you'll be driving an older car you'll be free of car payments for as long as you keep it.

Leasing requires that you drive no more than a certain number of miles every year. Owning your car means you can drive it as much as you like, as far as you like.

When you lease, you're responsible for returning your car as you received it. When you finance your vehicle, you get to make your own decisions about how your car should look and how it should be maintained. If you want to put in a new stereo or take your time fixing a dent, it's your call to make.

Choosing Whether to Lease or Buy
When you're deciding between leasing and financing, ask yourself a few simple questions:

How long do I usually keep a car?
If you tend to trade your cars in every two or three years, consider leasing. If you usually keep your cars for five years or more, consider financing.

How many miles do I usually drive?
If you drive less than 15,000 miles a year, leasing is an excellent option. If you drive more than 15,000 miles a year, it usually makes sense to finance.

How much cash do I plan to put down?
Many leases let you drive your car away without putting any cash or very little cash down. Financing generally requires a down payment.

Whether you choose to lease or buy, Vanguard Lease Co.  will make sure that we meet your needs.

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