Why you should lease a new Lincoln this month

Leasing a new Lincoln from our Randolph NJ dealership is a financing choice that many of our shopper's pick, and we're here to tell you you all about this "short-term ownership".

Ownership Length

When you own a vehicle, you'll have it for as long as you like — typically, at least more than five years so you can drive around in a totally paid off vehicle. Leasing is different in that you'll only be driving around Parsippany with your Lincoln sedan, crossover, or SUV for three years.

Short-Term Costs

Since you won't own the vehicle at the end of a lease, you don't need to pay as much each month as you would if you were buying a Lincoln. The monthly leasing amount depends on the vehicle, any specials, and your credit history, but you can easily save a couple hundred dollars when you lease instead of buy.

When you lease a vehicle you also tend to spend less on service costs. That's because the more expensive, yet necessary, services don't usually occur until after a vehicle is three years old. So, if you want to avoid most major mechanical needs, go with leasing!

Long-Term Costs

Plan to someday have zero monthly car payments? Then you'll want to be careful about getting into too many lease cycles, because you'll end up paying more in auto fees than you would if you bought a vehicle and paid it off in about five to six years. That said, there's a big reason why certain drivers in Dover or Morristown NJ might choose to forgo that future zero-payment lifestyle, which we'll touch on it in the next section.

Staying Up To Date

Simply put, some people are okay with owning the same thing for many years and some people like to get new stuff on a regular basis, and that goes for clothing, electronics, and cars. One isn't better than the other, but if you feel like you're in the latter camp, you'll enjoy leasing because you get a new vehicle every three years. That means up-to-date looks, technology, and safety features that have your back whether you're in familiar Denville or driving on a new highway.

For more information on the perks of leasing a new Lincoln, contact us today or stop into our dealership to see our selection and go on a test drive. If you're someone who drives fewer than 12,000 miles a year, you're likely a strong candidate for leasing!

Categories: Finance