When you're looking for a new vehicle, you have a lot of choices to make, including whether to lease or finance a vehicle. While there are positives to both options, there are many reasons why you should lease. 

Lower Payments

When you lease a vehicle, you can have lower payments each month than you would have when financing. Although you may have a higher interest than you would with a loan, the lease payments' principal portion is still significantly lower, so you can save money while leasing. As a result, you can afford to lease a more luxurious vehicle than you could while financing a vehicle.  

Warranty Coverage

New vehicle warranties tend to last at least 36 months or three years. Accordingly, if you take out a three-year lease or less, your vehicle should be covered by a warranty throughout the lease period. This means you can get a variety of repairs for free and save money over time. Loan lengths tend to be longer, so repairs are not usually covered during the entire length of ownership. Henceforth, when leasing, you can drive with more peace of mind and avoid more unforeseen repair costs than you could when financing 

More Bang For Your Buck

With lower payments, leasing allows you to drive newer vehicles, which means you can have the most up-to-date technology and features. If you're someone who gets tired of your vehicle quickly and wants new technology soon after it's released, then leasing is a great option for you. Leases are usually up in just a few years, so you can conveniently return your vehicle and opt for a newer, more advanced vehicle in a relatively short period of time. When you finance a vehicle, you typically have it for a greater period of time, which means you have to wait longer to drive new vehicles.  

We at Sharon Chevrolet offer a multitude of Chevrolet vehicles to lease or finance. If you have any questions about leasing or financing, we encourage you to come speak with us at our dealership.