You’ve probably heard that buying a new car is always the smarter financial move compared to choosing to lease a car. While that conventional wisdom may have held years ago, the landscape has shifted dramatically. Today, manufacturers offer compelling lease incentives, competitive rates, and flexible terms that make leasing an increasingly attractive option. Here are seven powerful benefits that might make leasing the right choice for you.

7. You Can Lease a Car With a Short-term Commitment to Try Something New

If you’re tempted to try a new vehicle but aren’t ready to commit to driving it for more than a few years, choosing to lease a car can be a great way to try driving a plug in hybrid, haul the kids around in a minivan, or just test out a new brand.

6. You Can Expense Your Lease for Business

When you lease a car, you’ll enjoy far greater tax deductions than buying a new vehicle. If you own your own business, call your accountant to see how leasing may offset some of your costs. 

5. You Can Take Advantage of Better Lease Incentives

You’ll find that manufacturers often provide lease-only incentives, high residual values, and/or low money factors to make leasing an attractive option. Learn more about finding the best auto lease deals to maximize your savings.

4. You Can Keep Up With The Latest Safety Features and Technology

Each new model year brings new safety features like blind-spot monitoring and convenience features like Apple CarPlay and Android Auto. When you lease, you’ll have consistent access to the evolving technology since you’re always driving a newer model.

3. You Can Return Your Leased Vehicle Hassle-free

You can return your vehicle to any dealership at lease end (or to your local Cartelligent office if you’re leasing a new car with us). This saves you the time, hassle, and uncertainty of trying to sell the vehicle on your own.

2. Your Leased Car (Almost Always) Stays Under Warranty

Your lease typically runs for 36 months, which is shorter than most manufacturers’ warranties. Many brands will also offer complimentary maintenance for the first three years (or give you the option to purchase pre-paid maintenance). This means you never have to worry about unexpected repair expenses when you lease.

1. You’ll Enjoy Significantly Lower Payments

Your lease payments will be significantly lower than finance payments because you’re only paying for the value of the car for the time period you are using it. This can be more palatable from a cash flow perspective.

As a general rule, leasing can be a good financial option if you plan to replace the vehicle within a few years. If you would prefer to keep the vehicle for a significant number of years. If you’d prefer to keep your vehicle for many years, financing is usually your better choice. 

And if you love your leased car but want to keep it, financing now could be a smart financial decision. Just talk to a Cartelligent advisor to discover your total buyout price. If the market value is higher than the total buyout price, then it’s a smart choice.

Have you been thinking about leasing a new car? Whether you’re drawn to lower monthly payments, the latest technology, or the flexibility to try something new, leasing could be the right choice for your lifestyle and budget. 

At Cartelligent, we’ve helped thousands of clients discover the best way to buy a car. Our expert advisors will break down the numbers, explain your options, and ensure you make a confident and informed decision. Get started today and experience a smarter, stress-free way to get your next car.