
Both buying and leasing a car have lots of benefits, and which one you choose to do depends on which benefits are best for you. The main leasing benefits are lower costs, less hassle, and regular access to new technology. Let’s take a look at those in more detail so you can be well-informed when you head to your GMC dealership.
1. Leasing Benefits Busy People
Buying a car from a dealership can be a pretty quick and easy process already, especially when you trade in your old car and finance through the dealer. However, leasing can be even faster. You don’t have to apply for financing and wait to be approved, and you don’t have to get your old vehicle appraised when you’re finished with it. This may shave hours off the process of buying a new car and offloading your old one.
2. Leasing Helps People with Tight Budgets
Leasing a car may shave a couple hundred dollars off your monthly car payment depending on the vehicle you’re getting and the length of your lease. You don’t have to cover the whole cost of the car during your lease period; you pay for the vehicle’s depreciation alongside any fees outlined in your lease. This typically leads to lower monthly payments when leasing compared to when buying a car.
3. Leasing Lowers Up Front Costs
Even highly affordable cars can come with a pretty high down payment to make up front. The up front costs when leasing are often lower than the cost of a down payment. A down payment can cost you up to 20% of a vehicle’s value, but the first month’s lease payment, the refundable security deposit, and any relevant fees can be a few hundred to a few thousand dollars less costly than a 20% down payment, depending on the model.
4. Leasing Keeps Your Technology Up to Date
The technology in cars is better than it’s ever been, and it’s only going to get better from here. When you lease a 2025 model, you’re getting better safety and connectivity technology than the tech that was in cars just a few years ago. If you lease your next car a couple of years from now, then the safety, entertainment, and connectivity technology will be even better yet again.
5. Leasing Lowers Repair Costs
Cars require fewer repairs the newer they are, and leasing ensures you’re always driving a newer car. That cuts down on repair costs. Plus, cars tend to be under warranty when you lease them, so you may save money on maintenance, too.
Come by Oxendale GMC in Flagstaff, AZ, to discuss leasing today. We’re open from 9 AM until 6 PM six days a week.

