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10 Auto Lease Questions to Ask Your Dealer

What is Vehicle Leasing? How Does Leasing a Car Work?

Do you want to know what is vehicle leasing? or how does leasing work, then you’re in good company. Not everyone is familiar with all the pros and cons of leasing a car. There are, in fact, more than a few auto leasing alternatives available these days.

Generally speaking, vehicle leasing is the rental of a car for a fixed time period. Automotive dealerships offer vehicle leasing as an alternative to traditional auto financing or purchase. It is often used by businesses when acquiring a company vehicle. Generally speaking, leasing a car costs less than buying, although there are several restrictions, such as vehicle mileage limits and non-customization agreements, that can determine whether it is better to lease or buy a vehicle.

Let’s examine our ten most commonly asked questions regarding vehicle leasing.

  1. Is It A Good Idea to Lease a Car?

  2. There are many benefits of leasing a car that you just can’t get with other auto financing offers. Benefits like lower payments, maintenance provisions, and avoiding having to trade-in or sell your old vehicle. For more details on the benefits of auto leasing, our car finance department is standing by to answer all of your questions.

  3. Am I Better Off Buying or Leasing a Car?

  4. Deciding whether to lease or buy depends on many factors. If you drive a lot of miles annual and like to keep your vehicles for longer than five years, leasing won’t be very beneficial for you. However, if you like getting a new car every three to five years and have no interest in the trade-in/selling process of your current vehicle, you could be a prime candidate for an automotive lease. Basically, the difference between auto leasing or buying really comes down to your personal, automotive and financial priorities.

  5. How Much Does Car Leasing Cost?

  6. Many manufacturers and dealerships offer zero-down lease deals. Of course, there are varying factors that qualify or disqualify individuals from these kinds of leases. Factors like credit scores, credit payment history, etc. Just keep in mind that paying nothing down typically means higher monthly payments. Auto leasing, like traditional auto financing, works like this: the more you put down, the less you pay monthly

  7. Can You Lease a Used Car?

  8. Yes, you actually can lease a used car. This type of ‘used car leasing’ is a little known ‘secret’ among auto dealership but most dealerships do offer Certified Pre-Owned leasing specials on CPO vehicles less than four (4) years old and with fewer than 48,000 miles on the odometer.

  9. May I Purchase the Car I am Leasing?

  10. The majority of auto leasing contracts have buy-out clauses in them in case you fall in love with your car and decide to purchase it. Keep in mind the purchase price of the car may vary. This depends on the residual value of the vehicle when the lease agreement has expired. There are also options to purchase your leased vehicle prior to the completion of the contract. For this, however, you will need to speak with a leasing representative. Only they can provide these buy-out details and take care of any early termination fees that may apply.

  11. Do You Get Your Deposit Back When Car Leasing?

  12. Usually a deposit is only refundable at the end of a lease. This assumes that all the leasing contract requirements have been met. Please note that a deposit (a.k.a. a security deposit) is not the same thing as a down payment. Down payments are not refundable but security deposits typically are. It is important to note some leases require non-refundable deposits. Therefore, read your lease agreement diligently and ask questions before you sign on the dotted line.

  13. Can You Lease A Car With Bad Credit & No Money Down?

  14. While it is not impossible, it is difficult to lease a vehicle if you have a poor credit rating and no money for a down payment. Most zero-down lease offers require a healthy credit rating. But don’t worry, there are plenty of options available for car shoppers with less-than-stellar credit scores. To explore your leasing options, simply contact our financing team.

  15. Does Car Leasing Require a Good Credit Score?

  16. Generally speaking, credit score of 619 or lower is classified as “subprime”. While a subprime borrower isn’t automatically declined, a 619 or lower credit score means you will typically have to pay a higher interest rate and/or down payment. Luckily, there are a lot of steps you can utilize to improve your credit score such as making on-time payments, consistent employment history, and applying for loans too many times.

  17. Does A Car Lease Include Maintenance?

  18. Maintenance provisions are one of the most popular benefits of leasing a car. Specifics will vary within specific lease contracts, but almost all leases will cover normal wear-and-tear service and maintenance needs for your leased vehicle. These include filter and fluid changes, regular tune-ups, and regularly scheduled maintenance typically do not cost the lessee anything out of pocket.

  19. May I Return My Lease Vehicle to a Different Dealership?

  20. Generally speaking, yes, you can trade in your leased vehicle at a different dealership. It must, however, be an authorized dealership for the vehicle manufacturer. It’s probably obvious, but you can’t turn your Volkswagen into a Ford dealership. That said, however, you absolutely can turn a leased Ford, for example, into any authorized Ford dealership across the nation. Again, assuming all your lease contract obligations have been fulfilled.

Ask About Our Auto Leasing Offers Today

Do you have more questions about vehicle leasing or our current offers? Then contact us today. Our team of highly knowledgeable car leasing agents are waiting to answer all your questions.


Questions to Ask To Lease A Car or SUV in Merriam, KS

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9010 Shawnee Mission Pkwy • Merriam, KS 66202

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Baron BMW

9010 Shawnee Mission Pkwy Merriam, KS

Phone: 913-722-5100

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Phone: 913-270-2513

9010 Shawnee Mission Pkwy Merriam, KS

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Phone: 913-318-3634

9010 Shawnee Mission Pkwy Merriam, KS

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Phone: 913-270-2508

9010 Shawnee Mission Pkwy Merriam, KS
39.0161206 -94.6916291
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Baron BMW
Baron BMW
9010 Shawnee Mission Pkwy
Merriam, KS, 66202 US
913-722-5100
https://di-uploads-development.dealerinspire.com/baronbmw/uploads/2018/09/BaronBMWOGImage.png
Baron BMW 39.0161206, -94.6916291.